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"Until we get that I think we'll stay in a very kind of … cautious mood in the market. And from a Canadian dollar perspective it means that we probably remain within the recent ranges."
-Brown Brothers Harriman (based on Reuters)
Pair's Outlook
Pair lost all of it's yesterdays gains after rebounding from downtrend resistance (connects 2nd of August and 5th of September highs) at 0.9808. Although outlook on the pair is somewhat neutral, is likely it will pick up again as market sentiment seem to be the main driver behind it at the moment.
Traders' Sentiment
Traders remain strongly bullish on the pair—72% of traders, same as yesterday, hold long positions on the pair. 58% of all pending orders on the pair are long, which suggests that we should not see much of a change in market sentiment in the near future.
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