| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 46% | -6.98% | |
| Shorts | 57% | 54% | 5.26% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇑ | ⇗ | ⇗ | |
The US Dollar continues to gain strength against other major currencies and the Canadian Dollar was no exceptions. However, the currency pair made some brief decline yesterday and as expected, the rate targeted the three SMAs.
Nevertheless, during the European trading session on Thursday, the exchange rate bounced off the lower boundary of an ascending channel and has gained 80 pips or 0.62%. Furthermore, the combination of the 55-, 100-, and 200-hour simple moving averages was providing support for the pair near the 1.3158 regions.
As for the next 24hours, bulls are likely to continue their dominance in the market over the USD/CAD currency exchange rate.