| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 40% | 6.98% | |
| Shorts | 57% | 60% | -5.26% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
Following a 170-pip or 1.33% gain on Thursday, the USD/CAD exchange rate entered a minor period of consolidation slightly above the 200– hour simple moving average. The pair has moved closer to the upper boundary of a descending pattern.
By mid-Friday, the currency pair was stranded between SMAs. The 100– hour SMA was providing resistance while the 55– hour moving average was providing support for the rate.
It is more likely that this session marks a bearish reversal, as the market sentiment is expected to turn bearish after yesterday surge. The downside target should be the combined support of the 200-hour SMA and the monthly pivot point near the 1.29 mark.