Note: This section contains information in English only."USD/CAD continues to sport lower wicks at support…in other words it's not doing much."
- Jamie Saettele, Daily FX
Pair's Outlook
[ANNOUNCE]The Greenback remained just below the 1.31 level against the Canadian Dollar during the first half of Friday's trading session.[/ANNOUNCE] However, the previous forecasts have been partially correct, because yesterday the pair did fall down and reached for the 1.30 level. However, it did not reach the support cluster below it and moved higher. The currency exchange rate moved higher to once more hit the resistance level at 1.31 and bounce off of it. Due to that the previous forecasts of a decline remains in force.
Traders' Sentiment
SWFX traders have not changed their opinion regarding the Loonie, as 68% of traders are shorting it. Meanwhile, 52% of trader set up orders are to buy the Canadian Dollar.
Fri, 17 Feb 2017 14:00:29 GMT
Source: Dukascopy Bank SA
- Jamie Saettele, Daily FX
Pair's Outlook
[ANNOUNCE]The Greenback remained just below the 1.31 level against the Canadian Dollar during the first half of Friday's trading session.[/ANNOUNCE] However, the previous forecasts have been partially correct, because yesterday the pair did fall down and reached for the 1.30 level. However, it did not reach the support cluster below it and moved higher. The currency exchange rate moved higher to once more hit the resistance level at 1.31 and bounce off of it. Due to that the previous forecasts of a decline remains in force.
Traders' Sentiment
SWFX traders have not changed their opinion regarding the Loonie, as 68% of traders are shorting it. Meanwhile, 52% of trader set up orders are to buy the Canadian Dollar.