| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 34% | 20.93% | |
| Shorts | 57% | 66% | -15.79% | |
| 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) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇗ | |
The Greenback has been trading in a short-term descending channel against the Canadian Dollar. This short-term pattern was formed on April 2 and has since been moving along the channel.
However, a breakout has occurred through the upper boundary of the aforementioned pattern. By the middle of the trading day on Monday, the currency pair has breached both the 55– and the 100– hour simple moving averages.
As for near future, the USD/CAD currency exchange rate could form a new wave to the upside during the following session. Nevertheless, the pair has to surpass the nearest barrier set by the weekly pivot point at 1.2821 and the 200– hour SMA at 1.2843.