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– John Kicklighter, Daily FX
Pair's Outlook
The US Dollar remained almost unchanged against the Canadian Dollar by the middle of Wednesday. That was due to the fact that the markets waited for the press conference of US President-Elect Donald Trump scheduled for 16:00 GMT. Regarding the technical perspective, the pair could go either way. First of all it could fall down to a strong support cluster near the 1.3150 level. On the other hand, the currency exchange rate is possibly going to surge during the Trump speech. In that case the pair would face a cluster of resistance near the 1.33 mark.
Traders' Sentiment
64% of SWFX traders had open long positions on Wednesday. Meanwhile, 54% of trader set up orders were to buy the Greenback.
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