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- Jay Hawk (based on investing.com)
Pair's Outlook
The US Dollar managed to slightly surge against the Canadian Dollar by the middle of Monday's trading session, and the appreciation of the Buck against the Loonie seemed unlikely to stop soon. The currency exchange rate began the day above a newly established support cluster, which has established itself, as the pair opened the week above it. During the first half of day's trading the cluster was tested for support, and it managed to initiate a rebound. Due to that fact the pair is set to surge up to the 1.3145 level, where the closest resistance level is located at.
Traders' Sentiment
SWFX traders remain bullish regarding the pair, as 64% of trader open positions are long. In the meantime, trader set up orders have once more shifted, as 53% of set up orders are to buy the Buck.
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