USD/CAD struggles at 1.3045 support cluster on Thursday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The U.S. greenback and Canada's Loonie face diverging fates after jobs data showed America's economy continues to gain traction while its northern neighbor slips further into malaise."  
– based on Bloomberg 

Pair's Outlook 
The US Dollar continues to depreciate against the Canadian Dollar, as the currency exchange rate was struggling at the support cluster around the level of 1.3045 by 11:30 GMT on Thursday. However, the pair was already a lot lower amid Wednesday's trading session, as it had reached and rebounded against the 55-day SMA at 1.2989. In the meantime, daily aggregate technical indicators forecast a surge for the pair during today's trading session, which is possible, if the rate rebounds against the support cluster. 

Traders' Sentiment 
Traders have a bullish stance on the pair, as 74% of positions are long. In the meantime, pending commands shifted and were 57% bearish mid-Thursday.
© Dukascopy Bank SA
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Actual Topics

Thu, 11 Aug 2016 13:51:03 GMT

NZD/USD surges with high volatility on Thursday

The New Zealand Dollar after all bounced off the upper Bollinger band against the US Dollar at 0.7268 on Wednesday, and the pair ended the day below the first weekly resistance level at 0.7228.

Thu, 11 Aug 2016 13:29:07 GMT

AUD/USD attempts to stabilise above 0.77

The Australian Dollar appreciated against the Greenback for the third consecutive day yesterday, but with the four-year down-trend limiting the gains.

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