| Positions | Today | Yesterday | % Change | |
| Longs | 36% | 44% | -22.22% | |
| Shorts | 64% | 56% | 12.50% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Neutral | Neutral | |
| RSI (14) | Sell | Buy | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
The failure for bulls to gain strength on Wednesday has an impact on the USD/CAD currency pair. The first part of the day introduces no significant changes to the overall price level. However, a strong bearish move occurred during the second half of the day after the pair hit the weekly resistance at 1.29.
By the middle of the European trading session on Thursday, the exchange rate remained weakened. It seems that bears might target a new downtrend if the monthly support at 1.27 is unable to hold.
Everything being equal, the currency pair is likely to make a corrective move north towards the 200– hour simple moving average today.