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– iFOREX (based on investing.com)
Pair's Outlook
During the first half of Friday's trading session the USD/CAD currency exchange rate was squeezed in between various levels of significance near the 1.3130 mark. Although the currency pair was squeezed in, the pair was more volatile to the upside, showing signs that the US Dollar is about to regain even more of previously lost ground against the Loonie. However, it is unlikely that the rate will break out of the situation by the end of Friday's trading, as no changes in the exchange rate are forecasted by the daily aggregate technical indicators.
Traders' Sentiment
SWFX traders are almost neutral, as 51% of open positions are short on Friday. Meanwhile, trader set up orders are no longer neutral, as 55% of trader set up pending commands are to buy the Greenback.
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