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"The headline out of Greece about delaying aid was negative, setting the euro under pressure and the Canadian dollar is just caught in the crossfire."
- Toronto-Dominion Bank (based on Bloomberg Businessweek)
Pair's Outlook
After unsuccessful attempt last week, pair is attempting to reach new high and finally breach parity condition. However, as technical indicators suggest, new week should start with a major dip, but with the help of 20-day SMA, pair should remain above 0.995.
Traders' Sentiment
60% of market participants expect appreciation of the pair as they continue to hold long positions on the pair. Distribution of pending orders gives strong support for such expectation as 68% of all pending orders on the pair are to go long as well.
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