© Dukascopy Bank SA
– Diego Colman, Daily FX
Pair's Outlook
As the US Dollar broke the first weekly resistance against the Loonie on Thursday, the currency exchange rate continue to surge on Friday. However, due to low trading volumes associated with the upcoming holidays, the Greenback scored only minor gains against the Canadian Dollar by the middle of the trading session. Although, this opens an opportunity to others, as the next notable resistance level is at 1.3576, if one ignores the upper Bollinger band at 1.3540.
Traders' Sentiment
Traders are 65% bullish on the pair. Meanwhile, 57% of trader set up orders were to sell the Greenback.
© Dukascopy Bank SA