USD/CAD continues to advance

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Canada's dollar is really following the flow, which sees the U.S. dollar stronger across the board. The U.S. currency is gaining on the anticipation that QE tapering is in the cards." 
- National Bank of Canada (based on Bloomberg)

Pair's Outlook

The Canadian Dollar depreciates further, as USD/CAD continues to be driven by bullish incentives. Today the pair sharply gained, erasing previous session losses. Currently the price is above the Bollinger band, pointing out at an enlarged probability of a correction or consolidation in the near future. Also the price is close to a peak at 1.0342, which was posted on 1st of March.

Traders' Sentiment
SWFX marketplace investors have a huge share of long positions (74%) and enjoy every step higher. Waiting orders segment is also heavily bullish, since 70% of orders are to go long, waiting for a moment to purchase the greenback against the Canadian currency.
© Dukascopy Bank SA
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Actual Topics

Tue, 21 May 2013 15:41:41 GMT

NZD/USD slides from 0.82

The kiwi is traded as a reflection of the Australian Dollar, thus today it is dominated by bearish sentiments as well. NZD/USD reached out for a 0.82 level at the beginning of session, but was pushed lower by bears.

Tue, 21 May 2013 15:41:09 GMT

AUD/USD drops back

AUD/USD is under bearish pressure today, as the price slides noticeably from the weekly pivot point at 0.9825 towards a recent low at 0.9710.

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