Note: This section contains information in English only."The Canadian dollar is poised to extend its four-month slump as the U.S. Federal Reserve prepares to tighten monetary policy further, while the chances of an interest-rate cut in Canada increase."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The Loonie is not giving up against the Greenback on Friday so easily, as the currency exchange rate keeps struggling below resistance almost at the 1.32 mark. [/ANNOUNCE]The US Dollar seemed to have broken through the resistance put up by the weekly R2 at 1.3207 by mid-Thursday. However, after even reaching above to the level of 1.3235, the currency pair fell to end the day's trading session with losses for the Buck at 1.3160. By mid-Friday the rate kept pounding on the resistance, and it is most likely to break it soon.
Traders' Sentiment
SWFX trader sentiment at the moment is 69% bearish. In the meantime, pending commands are 54% to sell the US Dollar.
Fri, 16 Sep 2016 13:56:03 GMT
Source: Dukascopy Bank SA
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The Loonie is not giving up against the Greenback on Friday so easily, as the currency exchange rate keeps struggling below resistance almost at the 1.32 mark. [/ANNOUNCE]The US Dollar seemed to have broken through the resistance put up by the weekly R2 at 1.3207 by mid-Thursday. However, after even reaching above to the level of 1.3235, the currency pair fell to end the day's trading session with losses for the Buck at 1.3160. By mid-Friday the rate kept pounding on the resistance, and it is most likely to break it soon.
Traders' Sentiment
SWFX trader sentiment at the moment is 69% bearish. In the meantime, pending commands are 54% to sell the US Dollar.