© Dukascopy Bank SA
– based on FX Empire
Pair's Outlook
Due to much higher than expected US Non-Farm Payrolls data, the US Dollar skyrocketed on Friday against other majors. This also included the Canadian Dollar, as the USD/CAD pair surged from 1.3020 to 1.3172 during Friday's trading session. During first half of Monday's trading session the currency exchange rate had fallen lower, ignoring the fact that it started the session higher than the previous close. By 10:45 GMT the currency rate had moved from an opening level of 1.3182 to 1.3163.
Traders' Sentiment
SWFX trader open positions on Monday are 71% long. In the meantime, pending commands are 51% short.
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