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– Zachary Storella, CountingPips
Pair's Outlook
By the middle of Monday's trading session the US Dollar remained unchanged against the Loonie, as the currency exchange rate remained just below the weekly pivot point, which is located at 1.3102 level. The pair faced no support until the level of 1.2991, where the weekly S1 is located at. In addition at 1.2988 the 23.60% Fibonacci retracement level is located at. It is most likely that the pair will touch this level. Although, the result of this encounter is still unclear.
Traders' Sentiment
SWFX traders remain bullish on the pair, as 63% of open positions are long on Monday. Meanwhile, 58% of trader set up orders are set up to buy the Greenback.
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