USD/CAD testing 0.99

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Neither the Liberals nor the CAQ will provide support for any of the PQ's hardline measures and the surprise would be if the next election is more than 18 months away."
-BMO Nesbitt Burns (based on The Globe and Mail) 

Pair's Outlook
Pair bounced from Bollinger band at 0.9858 and tries to advance above 99 cent mark. Although pairs outlook is neutral, stochastic indicator on 1D and 1W periods suggest that the pair might pick and advance closer to parity condition.

Traders' Sentiment
Trader sentiments remains bullish and hovers above 70% gauge for forth week already. It hasn't changed since yesterday and shows that 73% of traders hold long positions on the pair. Share of pending buy orders increased by slim 2% and currently 52% of all posted orders are buy orders.

© Dukascopy Bank SA

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