USD/CAD slips beyond 1.1100

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Very low inflation could be combined with the possibility that the Bank of Canada might have to revise upward its estimate of spare capacity (in the economy)." 
- Scotiabank Economics (based on CBC) 

Pair's Outlook

Previous week the pair was trading around 1.1100 and did not make any major moves – nor upwards, nor downwards. USD/CAD has dipped slightly today as it broke monthly PP and almost approached weekly S1 at 1.1041. We see this pair appreciating towards weekly R1 and Bollinger Bands at 1.1151 and then most likely it could make an attack to monthly R1 at 1.1197 and also the significantly important 1.1200 level.
 

Traders' Sentiment

The sentiment towards USD/CAD has remained the same as at the end of last trading week with 72% of the SWFX market participants being bullish. Bullish side of pending orders, however, rose by 19% and is at 67% today.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.