| Positions | Today | Yesterday | % Change | |
| Longs | 66% | 56% | 15.15% | |
| Shorts | 34% | 44% | -29.41% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇓ | |
Even though USD/CAD had failed to reach the upper channel boundary for several trading sessions, the situation changed late on Wednesday when the pair surged up to the 1.2480 mark. This strong upside momentum managed to push the rate above the upper channel line and towards the weekly R2 at 1.2523.
The Greenback has since weakened against the Canadian Dollar, suggesting that the rate's push past the upper channel boundary could only be a false breakout. This assumption is likewise supported by technical indicators which are gradually moving away from their high levels.
By and large, the rate faces a combined barrier of the weekly R1 and the 61.8% Fibonacci retracement at 1.2435 and the 55-hour SMA near the 1.2410 mark.