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- IFC Markets (based on investing.com)
Pair's Outlook
The US Dollar started the Thursday's session by falling lower against the Canadian Dollar, as the pair reached the low level of 1.2877 mid-day. However, as the currency exchange rate had highly volatile session, the rate still managed to score gains and end the day's trading session at 1.3005, where it was stopped by a resistance provided by the 100-day SMA. The USD/CAD pair started Friday's session at the same point of 1.3005, and it fell to 1.2996 by 11:30 GMT. Meanwhile, daily aggregate technical indicators forecast a surge for today.
Traders' Sentiment
SWFX traders have become more bullish on the pair, as 58% of open positions are long. However, pending orders in the 100-pip range are 67% long.
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