| Positions | Today | Yesterday | % Change | |
| Longs | 70% | 71% | -1.43% | |
| Shorts | 30% | 29% | 3.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇓ | ⇓ | |
Despite repeated efforts to surpass the weekly R2 at 1.2660, better-than-expected Canadian GDP released mid-Thursday swiped away any hopes for the rate to move above the 1.2650 mark.
The US Dollar plunged 85 pips against its Canadian counterpart in the wake of this data release and subsequently failed to recover. The US Dollar had fallen down to the 1.2483 mark by Thursday evening, penetrating the three SMAs and the weekly PP with no hindrance along the way. The slight recovery on Friday morning was short-lived, as weak US data resulted in a plunge.
Technical indicators flash strong signals that a recovery is under way. Traders should be attentive near 1.2850 set by SMAs and the monthly and weekly PPs.