| Positions | Today | Yesterday | % Change | |
| Longs | 72% | 70% | 2.78% | |
| Shorts | 28% | 30% | -7.14% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Sell | Neutral | Buy | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
USD/CAD was supported by the combined cluster of the 55-, 100– and 200-hour SMAs early on Monday. This was followed by a rapid upside momentum which was strengthened even further during the BOC Deputy Governor Timothy Lane's comments about the Canadian economy at 1800GMT. The rate surged considerably in the wake of the remarks—a move which pushed the US Dollar through the upper channel boundary.
Given the fact that the rate has struggled to move above the 1.2309 mark since late Monday, it is likely that the Greenback edges lower, setting the 55– and 100-hour SMAs and the 23.6% Fibo near the 1.2200 mark as a possible downside target.
Meanwhile, the upside is restricted by the monthly S1 and the 50.2% Fibo circa 1.2360.