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"There is still event risk there, and once it's gone, the U.S. dollar will go back to C$1.1200. Maybe not on the knee-jerk response to the data, but that is what I would expect."
- BMO Capital Markets (based on The Wall Street Journal)
Pair's Outlook
Pair is not showing any, at least half clear, bias anymore and just hovers around 1.105. Some bearishness was felt in the few past days but it seems that the pair is planning to end the week in a similar manner. We could expect some bullishness though as approaching 20-day SMA might provide an impetus capable of pushing the pair higher.
Traders' Sentiment
Market sentiment results remain rather ambiguous. Bulls continue to hold 53% of all of the open positions. Although bullish side of pending orders in 50 pip range increased by 11%, till 75%, but wider ranges (100 pips and above) continue to show exactly the same numbers (around 50/50% distribution).
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