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"Those provisions don't only have a negative impact on Canada, they have a negative impact on American businesses who are dependent on our integrated supply chains."
- Canadian Trade Minister Ed Fast (based on Reuters)
Pair's Outlook
Pair opened above the last weeks closing level and had the intention to advance even further, but dipped almost 50 pips to 1.02. Looking at the technical indicators it seems that pair might stay at current levels, between 20-day SMA and Bollinger band, for quite some time.
Traders' Sentiment
Bulls continue to hold their ground as they continue to account for 57% of market participants. Pending orders are in favour for the bulls as well as 68% of them are to go long.
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