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"Crude oil is still posting plus $96. Any supply disruptions from Isaac could put a bid to the Canadian dollar."
-Jack Spitz, National Bank of Canada (based on Bloomberg)
Pair's Outlook
Weekly S1 and monthly S2 stopped pairs fall below 0.985 and we should see minor recovery in the near future. However, below 0.985 there is no strong support levels who could stop pars further depreciation in the medium term.
Traders' Sentiment
Trader sentiments remains bullish and hovers above 70% gauge for the third week. Distribution of pending orders does not suggest any possible changes in near future since only slight majority (51%) of orders are orders.
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