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- Cantor Fitzgerald LP (based on Bloomberg)
Pair's Outlook
The USD/CAD cut previous gains as the pair almost slid to the 22 January daily low. Today, the USD/CAD met the Bollinger band at 1.252, but slid to form the daily low at 1.238 later. On the contrary, the SMA's and other indicators link to a rather bullish sentiment. Meanwhile, the cross seems to be trading in a overbought RSI range.
Traders' Sentiment
The market participants became more or less concerned about the pairs' appreciation, since the long opened positions were cut by 13%, down to 44% from 51% yesterday. The indicators listed below are still neutral in conclusion.
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