| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇓ | ⇒ | ⇒ |
The US Dollar continued to depreciate against the Canadian Dollar at the time of this analysis. The overall trend is showing the bear is growing stronger.
The US Dollar stops its depreciation against the Canadian Dollar last Monday the 15th of January because of a support level at 1.240 marks. This might be a temporary stop just for the pair to retrace to a weekly resistance Pivot Point level of 1.247.
Due to that reason, it is expected that the pair might surge until it meets the upper trend line of the channel down pattern. Afterwards, the pair should continue the decline until it might get to the weekly PP support level of 1.236 or 1.226.