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- Macquarie North America (based on Bloomberg)
Pair's Outlook
The pair has been depreciating for a third straight trading session after an attempt to breach the major resistance level at 1.0326. Today, USD/CAD slipped beneath the weekly PP level at 1.0285 and moves towards the closest support level, which should be rather strong, as it is constructed by the 20-day SMA and the weekly S1 at 1.0233.
Traders' Sentiment
SWFX market traders demonstrate preferences for bullish sentiments, as 54% of opened positions are long and 46% are short. Waiting orders' segment fluctuates just around an equilibrium, as today there are 54% for long positions and 46% for shorts.
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