| Positions | Today | Yesterday | % Change | |
| Longs | 50% | 49% | 2.00% | |
| Shorts | 50% | 51% | -2.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
Strong upside momentum continues to dominate the US Dollar against the Canadian Dollar, as the pair has been supported by the 55– hour simple moving average since last week.
This movement up has formed a smooth short-term ascending pattern. During the first part of Monday's session, the USD/CAD currency pair was trading with low volatility as bulls and bears were indecisive.
As for near future, it is expected that the currency exchange rate remains trading in the newly formed junior ascending channel. However, it has to surpass a strong resistance set by a dominant long-term pattern.