| Positions | Today | Yesterday | % Change | |
| Longs | 44% | 47% | -6.82% | |
| Shorts | 56% | 53% | 5.36% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇗ | |
The US Dollar has been trading constrained by an ascending channel against the Canadian Dollar. The currency pair bounced off the lower boundary of a junior ascending pattern on April 17 and has since maintained its channel.
The USD/CAD currency pair was guided primarily by the 55– hour simple moving average and the SMA has twice provided support for the pair at the 1.2587 and 1.2643 respectably.
Some upside potential is still likely during the following trading session, as the Buck might extend it gains to a resistance cluster formed by the combination of the weekly and the monthly PPs near the 1.2926 mark.
Meanwhile, technical indicators favour bulls to stronger within the next 24hrs.