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- TD Securities (based on Reuters)
Pair's Outlook
The US Dollar keeps appreciating against the Loonie, despite poor JOLTS Job Openings data. The currency settled at the daily maximum of 1.2687. A weekly outlook towards the Buck remains bullish, whereas the technical indicators on the daily timeframe are showing mixed signs. The closest significant resistance level is at 1.2696 (weekly R1), followed by the monthly R1 at 1.2736. From below the rate is underpinned by a combination of the weekly and monthly pivot points around 1.2550.
Traders' Sentiment
Market sentiment is as bullish as yesterday, 74% of positions are long. The portion of buy orders decreased by seven percentage points to 54%.
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