| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 36% | 25.00% | |
| Shorts | 52% | 64% | -23.08% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
The US Dollar continued to depreciate against the Canadian Dollar for the fourth consecutive trading session on Wednesday. This downward movement has resulted in the rate to breached the lower boundary of an uptrend line and the weekly support level at 1.3074.
After dashing through the significant support levels, the currency pair began to trade with low volatility on Thursday.
Everything being equal, it is likely that the USD/CAD currency exchange rate continue moving in the descending channel until the weekly S2 at 1.3002 is tested during the following trading session.