| Positions | Today | Yesterday | % Change | |
| Longs | 40% | 38% | 5.00% | |
| Shorts | 60% | 62% | -3.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
After trading at its March high at 1.3060 early this week, downside risks took control of the market on Wednesday and push the exchange rate down to the support of the lower boundary of an ascending channel.
However, the currency pair rebound from a one-week low level and rallied almost 100-pips amid a fall in crude oil prices, which weighed heavily on the USD/CAD currency pair.
Given that the currency exchange rate has been moving sideways during the first half of today's session, a breakout to either direction could be expected within the next 48 hours. Nevertheless, the pair has to surpass the SMAs at 1.2945.