| Positions | Today | Yesterday | % Change | |
| Longs | 73% | 72% | 1.37% | |
| Shorts | 27% | 28% | -3.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇓ | ⇓ | ⇓ | |
After the huge fundamental drop on Friday the USD/CAD currency pair began a short term period of surge. However, the ascent of the Greenback against the Canadian Dollar is highly unlikely.
The pair is set to face the resistance of a descending channel pattern and the 55-hour simple moving average at the 1.2620 mark. Afterwards, the decline of the US Dollar against the Loonie is most likely going to continue.
In that scenario the currency exchange rate would reach for the next closest support level, which already on Monday was located at the 1.25 mark. At that level the support of the channel and the weekly S1 were located at.