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- HSBC Holdings Plc. (based on Bloomberg)
Pair's Outlook
USD/CAD movement is bounded by the Bollinger bands in recent trading sessions, since the bearish sentiments were disrupted by the lower band at 1.0187. After that the loonie slowly gained bullish impetus, which finally transformed into a jump to the 20-day SMA at 1.0263. Today the pair consolidates just above this level and checks strength of the latest bullish movement. If USD/CAD manages to climb over it, the price should advance further to the weekly R1 level at 1.0292.
Traders' Sentiment
SWFX market indicates a stable situation in USD/CAD pair, since the buy side posseses 58% of positions and the sell side has 42%. Placed orders segment shows a full bulls' control over the market, as 79% are buy orders
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