USD/CAD makes a step towards 1.0295/67

USD/CAD did not have to rise as high as 1.0453/47 to face selling pressure strong enough not only to stop pair's advancement, but also to send it back down to the support at 1.0295/67. Additional demand zones, if the U.S. Dollar is to depreciate further, are to be found at 1.0231 and 1.0200/1.0195. As for the resistances, 1.0357 at the moment is preventing rallies from appearing.

While market's expectations regarding AUD/USD were right, USD/CAD is moving in the opposite to the implied by the sentiment direction. Still, 71% of positions are long on the pair. The ratio between the buy and sell orders is 66% to 34% respectively.