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- Jamie Saettele, Daily FX
Pair's Outlook
During the first half of Friday's trading session the Greenback managed to surge even higher against the Loonie, as it was forecasted previously. The previous forecast of a possible surge up to the 1.3576 level, where the 50.00% Fibonacci retracement level is located at, remains in force. Although, a consolidation to the downside is likely to come before that. Moreover, during Friday's trading session there are a lot of fundamentally important speeches scheduled, as members and the chairwoman of the FOMC are set to speak in the second half of the day's trading session.
Traders' Sentiment
SWFX traders are clearly shorting the pair, as 64% of open positions are bearish. Meanwhile, 53% of trader set up orders are set to sell the Buck.
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