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– Market Pulse (based on investing.com)
Pair's Outlook
By midday on Tuesday the Greenback regained ground lost to the Loonie on Monday. Previously, during Monday's trading session the currency exchange rate moved from a start of 1.3245 to the level of 1.3175 by the end of the day. Moreover, during the previous session the currency pair found support in the first weekly support level at 1.3141, which might have started the rebound in the first place. During the first half of Tuesday's trading session the pair surged to the weekly PP at 1.3227, and it was struggling to pass it. It is most likely that the resistance will not be broken.
Traders' Sentiment
Traders are largely bearish, as 72% of open positions were short mi-Tuesday. In the meantime, pending commands are almost neutral, as 51% of set up orders are to buy.
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