| Positions | Today | Yesterday | % Change | |
| Longs | 47% | 52% | -10.64% | |
| Shorts | 53% | 48% | 9.43% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Neutral | Neutral | |
| RSI (14) | Sell | Sell | Sell | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The US Dollar has been trading in an ascending narrow channel against the Canadian Dollar since February 16. The pair, however, failed to re-test its upper boundary during the latest wave up and reversed at the resistance cluster set by the combination of the monthly R1 and weekly R2 near 1.2740.
If looking at the currency exchange rate movement today, the US breached the lower boundary of a junior channel. This decline might be stopped by the 55-hour simple moving average located near 1.2693.
In the meantime, technical indicators flash buy signals. This suggests that the pair is likely to make a U-turn if the aforementioned situation occurs.