USD/CAD growth prevented

The US Dollar got beaten down after the Fed's Chief stated that interest rates would not be raised in 2015. The Greenback did, however, reach the predicted resistance levels, but still got pressured down, before settling just under the weekly PP at 1.2484. As Yellen's testimony remains a key impact factor, and the indicators are pointing south-ish, the Buck retains bearish bias. The closest support lies at 1.2405, but doubtfully the pair will fall further.

Market sentiment remained unchanged compared to yesterday's figures, with 67% of all positions being long. Meanwhile, the number of orders to acquire the Greenback surged 11 percentage points, accounting for 65% of the market right now.