| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 61% | -10.91% | |
| Shorts | 45% | 39% | 13.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
Downside risk continues to dominate the USD/CAD currency pair for the last two consecutive trading sessions. A bearish momentum took control of the market on Wednesday. The downside risk started when the paired reverse from the monthly R1 at 1.2902.
By the middle of Thursday's session, a stronger resistance cluster set by the combination of the 55-, 100-, and the 200– hour SMAs near 1.2850 was pressurizing the price movement further south.
The exchange rate has breached the lower boundary of an ascending channel. This could indicate the rate might continue falling today until it finds support at the weekly pivot point at 1.2771.