| Positions | Today | Yesterday | % Change | |
| Longs | 63% | 67% | -6.35% | |
| Shorts | 37% | 33% | 10.81% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇓ | |
The US Dollar has been trading in a channel up against the Canadian Dollar since February 2. After testing its upper boundary on February 6, the pair entered a period of consolidation and has been trading in low volatility.
Given that the currency pair continues to surge, it is expected that the movement could reaches the speculated target at the weekly R3 at 1.2681.
As for near future, the USD/CAD pair is likely to remain bullish until it reaches the predicted target. Meanwhile, technical indicators flash mixed signals.