| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 58% | 1.69% | |
| Shorts | 41% | 42% | -2.44% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇗ | |
As expected, a resistance level formed by the 200-hour simple moving average hindered the USD/CAD currency pair to move past the upper border of a descending channel. After reaching near the resistance level, the exchange rate made a U-turn south, and as a result, the pair breached both the bottom boundaries of the junior and senior ascending channels.
By the middle of the European session on Tuesday, the US Dollar was trading below the weekly S1 at 1.2974.
Everything being equal, it is likely that the currency exchange rate continues to move southward during the following trading session.