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– ORBEX (based on investing.com)
Pair's Outlook
The US Dollar appreciated against the Canadian Dollar by mid-Wednesday, as the currency exchange rate had bounced above the 1.3450 level by the middle of the day's trading session. Previously, on Tuesday the pair surged from 1.3418 to 1.3442 by the end of the day. During the session the rate was struggling to find support, as it traded just above the weekly S1 at 1.3411. However, during Wednesday's trading the pair did not struggle to find support, as it moved higher.
Traders' Sentiment
SWFX traders have changed their collective opinion regarding the pair, as 56% of open positions were long on Wednesday, compared to 48% on Tuesday. Meanwhile, trader set up orders are bearish, as 56% of pending commands were to sell the Greenback.
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