© Dukascopy Bank SA
– based on Daily FX
Pair's Outlook
The US Dollar fell majorly against the Canadian Dollar on Friday, as the pair moved down from 1.3158 at the start of day's trading to 1.3043 at the end of Friday's session. However, with the start of the new week on Monday the currency exchange rate has rebounded against the newly formed monthly PP at 1.3043. The Greenback regained its strengths against the Loonie, and was at 1.3077 by 11:30 GMT. On its way upwards, the pair is set to meet the weekly PP at 1.31.
Traders' Sentiment
SWFX trader bullish sentiment has decreased, as open positions on Monday were 70% long. In the meantime, pending orders in the 100-pip range are 77% short.
© Dukascopy Bank SA