USD/CAD consolidates above the 20-day SMA

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Canadian economy has gone through its recovery and is now at the point where it had sort of run out of steam, and the U.S. economy had gone through its adjustment and is starting to emerge. The markets are paying more attention to that now." 
- HSBC Holdings Plc. (based on Bloomberg)

Pair's Outlook

USD/CAD movement is bounded by the Bollinger bands in recent trading sessions, since the bearish sentiments were disrupted by the lower band at 1.0187. After that the loonie slowly gained bullish impetus, which finally transformed into a jump to the 20-day SMA at 1.0263. Today the pair consolidates just above this level and checks strength of the latest bullish movement. If USD/CAD manages to climb over it, the price should advance further to the weekly R1 level at 1.0292.

Traders' Sentiment
SWFX market indicates a stable situation in USD/CAD pair, since the buy side posseses 58% of positions and the sell side has 42%. Placed orders segment shows a full bulls' control over the market, as 79% are buy orders
© Dukascopy Bank SA
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Actual Topics

Wed, 20 Mar 2013 16:39:11 GMT

NZD/USD slipped beneath the 200-day SMA

NZD/USD was too weak to overcome the 20-day SMA at 0.8247 and enter the upper part of the Bollinger band.

Wed, 20 Mar 2013 16:33:53 GMT

AUD/USD lacks bullish impetus to breach 1.04

The Aussie failed to breach the 1.04 level for a fourth straight trading session, as the price fluctuates just beneath the 1.0394/1.0426 resistance, which is formed by the monthly R1; 100-day and 200-day SMAs.

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