| Positions | Today | Yesterday | % Change | |
| Longs | 64% | 65% | -1.56% | |
| Shorts | 36% | 35% | 2.78% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
No massive changes occurred to the USD/CAD exchange rate position on Wednesday. Even though the US Preliminary GDP macroeconomic data released came out positive, the currency pair traded with low volatility.
The 50-hour simple moving average firmly guided the price during the previous session. Any attempts made by bulls to move the pair higher was limited by the moving average and the weekly S1 at 1.2974.
Everything being equal, it is likely that the currency exchange rate continues its movement in the descending channel during the following trading sessions. However, traders have to be aware of the Canadian GDP data release scheduled at 12:30 GMT could affect the positioning of the pair.