Sentiment in USD/CAD is neutral

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Any signs that the Fed is trying to provide a bit of stimulus will be much-wanted relief."
- Mizuho Corporate Bank Ltd (based on Bloomberg)

Pair's Outlook

USD/CAD paired previous daily losses as the US building permits rose more than forecast (0.78 act./0.73M est.). If the bearish mood emerges, 1.0174 (PP Monthly) is going to be the first support among bearish investors. A breakout here would expose 1.0110 (S2 Weekly; Lower Bollinger band) and 1.0003 (100-day ma; S3 Weekly).

Traders' Sentiment
Compared to yesterday market sentiment data, bearish sentiment faded as only 54% of investors hold short positions. Within 100-point range from the present market price, 61% of market participants expect a continuation of bullish trend.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 Jun 2012 16:10:06 GMT

NZD/USD is trying to hit 0.7961

NZD/USD attempts to jump higher, though the US positive macroeconomic data (Building permits: 0.78M act./0.73M est.) holds the pair back. If bullish momentum to intensify, 0.7961 (200-day ma) is going to be the first target for bulls. Once this line is left behind, 0.8012 (Upper Bollinger band; R1 Weekly) and 0.8106 (R2 Weekly) will be in focus among bullish investors.

Tue, 19 Jun 2012 16:09:46 GMT

AUD/USD targets 1.0283

AUD attempts to move higher against the US dollar as the Spanish debt turmoil came back into the spotlight. Thus, if AUD/USD to remain bullish, 1.0212 (R1 Weekly; Upper Bollinger band) is going to be the first target for bulls, followed by 1.0283/312 (200-day ma; R2 Weekly) and 1.0493 (R3 Weekly) in case the pair moves higher.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.