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- CIBC (based on Reuters)
Pair's Outlook
As anticipated the pair did not manage to advance above the October high and at the moment is hovering above the 20-day SMA. It seems we will see some bullishness as bears should capitalise on their gains. Short to medium term trend, however, should remain bearish and we should see the pair trailing to 55-day SMA.
Traders' Sentiment
Pending orders remains exactly where it was yesterday, at 67% set to go long. Bullish side of market sentiment, however, decreased by 4% and is at 30% gauge today.
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