© Dukascopy Bank SA
"It's all focused on external issues, the U.S. fiscal cliff and whether the euro zone is going to defer its issues with Spain and Greece. Not much is happening in Canada at the moment."
- Toronto-Dominion Bank (based on Canadian Business)
Pair's Outlook
For the whole week pair demonstrates choppy sessions, but is bound between 0.9900 and 0.9955 (weekly PP). Neutral aggregate and mixed individual signals of technical indicators suggest that pair will be trading sideways some time more.
Traders' Sentiment
Bullish expectations of traders have weakened, as 5 % of them have closed their long positions and for the moment bulls account for 55% of market participants. However, majority (56%) of pending orders remain to go long.
© Dukascopy Bank SA