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"It looks like it's another day of markets being slightly negative for risk and CAD being carried along by that."
- Adam Cole, RBC Capital Markets (based on Reuters)
Pair's Outlook
Pairs advancement above 99 cent mark was short lived and it dropped closer to 98.5 mark. However, it is likely that trading week will end and new week will start with recovery and attempt to breach weekly pivot (PP) at 99 cent mark again.
Traders' Sentiment
Trader sentiments remains bullish and hovers above 70% gauge for third straight week. Share of pending buy orders decreased to 56% in comparison to 61% yesterday.
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