| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 70% | -14.75% | |
| Shorts | 39% | 30% | 23.08% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
The US Dollar has been trading in a narrow ascending channel against the Canadian Dollar since September 20. The currency pair tested the upper boundary of the channel pattern at 1.2968 on September 25 and made a brief retracement down.
The exchange rate was stranded between SMAs by the end of the European session on Wednesday. The 200-hour simple moving average at 1.2964 was providing resistance, while the 50-hour moving average was providing support.
Technical indicators on the daily time frame flash bearish signals, therefore, the USD/CAD currency exchange rate could breakout through the lower boundary of the narrow ascending channel at 1.2940 during the following trading session.