| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 42% | -20.00% | |
| Shorts | 65% | 58% | 10.77% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Sell | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Buy | Neutral | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The monthly resistance at 1.2995 proved to have enough strength to push the USD/CAD pair further south. As a result, the exchange rate breached the lower boundary of an ascending channel.
By Mid-Thursday, a resistance cluster set by the 55– and 100-hour SMAs was restricting the currency pair from making a movement north.
As for near future, the exchange rate is likely to continue moving south or trade sideways until it finds support at the 200-hour simple moving average. Meanwhile, technical indicators suggest that bears could grow stronger.