| Positions | Today | Yesterday | % Change | |
| Longs | 40% | 46% | -15.00% | |
| Shorts | 60% | 54% | 10.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
Downside risks dominated the US Dollar against the Canadian Dollar on Friday. As a result, the currency pair lost 174 base points or 1.31% and also, breached both the 55-, 100-, and 200-hour SMAs.
After piercing through the monthly pivot point at 1.3128, the currency pair made a U-turn north. The pair could be targeting a resistance cluster formed by the 200-hour simple moving average and the weekly PP near the 1.3182 mark.
The daily time frame market sentiment is bullish, therefore, the USD/CAD currency exchange rate is likely to make a corrective move to the upside during the following trading session.