| Positions | Today | Yesterday | % Change | |
| Longs | 64% | 64% | 0.00% | |
| Shorts | 36% | 36% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Buy | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
Apart from a notable hourly plunge mid-Wednesday, USD/CAD has spent the previous session rather calmly. Being pressured by the 55-hour SMA from the upside, the pair fell to a new ten-week low of 1.2503 and has since been trading in a narrow range between the two barriers.
From theoretical point of view, the rate is likely to remain stranded between this moving average and the weekly S1 at 1.2489. However, two sets of US fundamentals that are scheduled for this session (the most important of which is the FOMC Minutes to be released at 1900GMT) could change drastically this assumption.
In case of an upward breakout, the Greenback might be hindered by the weekly R2 and the 100-hour SMA circa 1.2580.
On the other hand, a breakout south should limit the rate near the monthly S1 at 1.2421.