| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 41% | 10.87% | |
| Shorts | 54% | 59% | -9.26% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇘ | |
USD/CAD was squeezed between the weekly and monthly PP for the majority of session. However, given the downward-sloping movement, a breakout south was not a big surprise.
By mid-Wednesday, the US Dollar was trading near the upper boundary of the breached channel down. All indications point to the prevalence of the bullish sentiment during the following 24 hours, including the newly-drawn descending channel that should guide the pair towards its upper line.
However, the rate faces the strong resistance of the 100-hour SMA—a line which has limited the Greenback for the past four sessions. Reinforced by the 55-hour SMA and the monthly PP, bulls might be reluctant to push considerably higher, thus pressuring the pair to move sideways.