| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 45% | 8.16% | |
| Shorts | 51% | 55% | -7.84% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
The 200– hour simple moving average has guided the US Dollar down against the Canadian Dollar. The pair has formed a triangle like a pattern as it can be observed on the chart.
The recent weakness for the Buck was caused by trade discoursed between China and the United States which has weighed heavily on the currency pair for the past two weeks. Due to this reason, the USD/CAD pair has breached a support cluster set by the weekly PP and both the 55– and the 100-hour SMAs near 1.2885.
The exchange rate is likely to be affected by fundamental events today, such as the ISM Manufacturing PMI which is scheduled at 14:00 GMT.