| Positions | Today | Yesterday | % Change | |
| Longs | 47% | 40% | 14.89% | |
| Shorts | 53% | 60% | -13.21% | |
| 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) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇗ | |
The US Dollar continues to appreciate against the Canadian Dollar for the second consecutive session. This movement was guided by a senior ascending channel. Also, a breakout has occurred from the SMAs as predicted.
In case the present sentiment is to persist, the currency pair likely to reaches the March high at 1.3060. Meanwhile, the 55-, 100-, and 200– hour SMAs near 1.29 was providing support for the rate to push higher.
Everything being equal, the USD/CAD exchange rate is likely to continue its movement north. In the meantime, technical indicators suggest that the bullish momentum might continue during the following trading session.