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"All of a sudden equities bounced, and bonds fell, and there was a huge turnaround. The Canadian dollar rallied."
- CIBC World Markets (based on Wall Street Journal)
Pair's Outlook
The bearish reaction, which occurred yesterday, has failed to continue, as today the USD/CAD currency couple experiences a slight bullish correction, however the price keep its movement within the bearish price channel. Nevertheless, the overall indicator outlook shows a sell signal, therefore supporting the current movement within the price channel.
Traders' Sentiment
Bullish expectation have strengthened at the market, as 58% of traders hold long position. As well the situation of orders shows uptrend anticipation, since 56% of traders ordered to buy the greenback.
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