| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 52% | 5.45% | |
| Shorts | 45% | 48% | -6.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Neutral | Neutral | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇘ | ⇗ | ⇘ | |
The Greenback has been trading in a channel down against it Canadian counterpart since May 8. However, the currency pair has formed a new junior ascending channel within this short period and can be observed on the chart.
By the middle of the European trading session on Tuesday, the price movement has breached the upper boundary of descending channel. Moreover, traders await the US fundamental event scheduled at 12:30GMT.
Technical indicators demonstrate that a surge for the currency exchange rate could continue in this session. Meanwhile, the US Core Retail Sales and the Retail Sales m/m data releases could change the whole movement of the pair.