| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 55% | -19.57% | |
| Shorts | 54% | 45% | 16.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Neutral | Neutral | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇗ | ⇗ | ⇘ | |
Downside risks prevailed in the market yesterday, thus sending the USD/CAD currency pair to end the session with a 125-pip decline. This fall was so significant that the pair breached the 55-, 100-, 200– hour SMAs and lower boundary of a dominant ascending channel.
According to technical indicators, there is still some downside potential that could push the exchange rate towards the 1.26 mark where the bottom border of a descending channel is located.
In the meantime, the currency exchange rate could make a corrective movement north during the following trading session for a likely re-test of the aforementioned SMAs.