| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 61% | -10.91% | |
| Shorts | 45% | 39% | 13.33% | |
| 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 | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The USD/CAD currency pair broke out through the lower boundary of a dominant ascending channel at 1.2940 during the previous trading session.
Currently, the exchange rate is trading near the monthly support level at 1.2897. From a theoretical point of view, the price could reverse from that support level and target a resistance line formed by the 50-hour simple moving average at the 1.2961 mark.
Although, if this support level is unable to hold, a second breakout through the lower boundary of a three-week descending channel at 1.2875 could be a possibility within this session.