- TransCanada (based on Bloomberg)
Pair's Outlook
Thursday was another quiet day for the market as both bulls and bears did not manage to decide where to move the market. Today's trades were fluctuating between 1.180 and 1.183. On a 4– hour chart looks like a slight support is found near the 20– day SMA at 1.1806. While the pair is likely to loosen the growth pace, the 55– 100– and 200– day SMA's are pointing higher.
Traders' Sentiment
The USD/CAD met some new Dollar buyers. Respectively, 59% of all opened positions are long. In addition to that, traders became a lot more active Today as the 50-pip long pending orders increased from 18% to 72%, whereas the 100-pip ones added 16%.
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