| Positions | Today | Yesterday | % Change | |
| Longs | 63% | 62% | 1.59% | |
| Shorts | 37% | 38% | -2.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The bullish pressure continued to prevail on Wednesday, thus sending the USD/CAD pair to a three-month high at 1.2860.
Given that the pair is moving towards the upper border of a junior pattern, a breakout is likely to occur within this session.
Technical indicators suggest that the currency exchange rate is likely to continue its surge during the following trading session. This rally could encounter a resistance set by the monthly R1 at 1.2983.