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- Scotiabank (based on Reuters)
Pair's Outlook
The pair still lacks volatility as we have not changed any substantial movements during the last trading days. Nonetheless, the pair is trading around the weekly PP at 1.0657 and it managed to break this level after falling below it day earlier. The technical levels are mixed, with the daily indicators being slightly bearish and the monthly studies being slightly bullish. In case the pair prolongs its today's advance then its next target will be the weekly R1 and 20-day SMA at 1.0693/1.0700.
Traders' Sentiment
The portion of bulls added one percentage point and still an overwhelming majority of traders expect the greenback outperforming the Loonie, specifically 72% of them.
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