| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 68% | -15.25% | |
| Shorts | 41% | 32% | 21.95% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Sell | Neutral | Buy | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
USD/CAD was fluctuating in a narrow range between the 55– and 100-hour SMAs for a couple of hours on Wednesday prior to surging 108 pips after the comments made by the FOMC. As a result of this hourly surge, the US Dollar reached a new two-week high and halted near the monthly S1 and the 50.0% Fibonacci retracement.
The rate has since remained between the monthly S1 and the weekly R2, thus forming a minor consolidation phase. The rate might still trade in this range for a couple of hours; however, it should eventually edge lower down to the 55-hour SMA and the 38.2% Fibo at the 1.2230 mark.
In case this support fails to halt the Greenback, the next significant support is provided by the weekly R1 and the 100-hour SMA circa 1.2260.