| Positions | Today | Yesterday | % Change | |
| Longs | 54% | 54% | 0.00% | |
| Shorts | 46% | 46% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇗ | |
Bearish momentum prevailed in the market on Wednesday, thus pushing the US Dollar lower to a two-week low against the Canadian Dollar. The currency pair reached the bottom border of a descending channel during the end of yesterday session.
By the beginning of the European trading session on Thursday, the exchange rate was stranded between SMAs. The 55-hour simple moving average was providing support, while the 100-hour moving average was giving resistance.
Everything being equal, a southern breakout could be expected within this session. Meanwhile, technical indicators on the daily time-frame demonstrate that bears are likely to grow stronger during the following trading session.