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"It creates tremendous uncertainty for Canada in the sense that we don't know who the next head of the Bank of Canada will be."
- Bank of Nova Scotia (based on Bloomberg Businessweek)
Pair's Outlook
Yesterday's bearish movement successfully managed to prevail, and at the particular moment the price is about to test the 55-day SMA at 0.9917, which might slow down the current tendency. The indicator outlook shows a bullish signal, therefore supporting the potential trend reversal in the nearest future.
Traders' Sentiment
Bullish tendency expectations have slightly increased, as at the moment 60% of SWFX market participants hold long positions. The distribution of pending orders is quite neutral, since 55% of traders ordered to buy and 45% ordered to sell the U.S. Dollar.
© Dukascopy Bank SA