USD/CAD may breach 1.0521

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We expect Fed districts to report a continued but uneven recovery that will keep the market guessing about when the central bank will taper."
- BK Asset Management (based on MarketWatch)

Pair's Outlook

USD/CAD is failing to restart the rally that was initiated in mid-August and is therefore at risk of sliding through the nearest supports, such as the weekly PP and S1, down to the monthly pivot point. This may happen despite the fact there are more technical indicators that give ‘buy' signals than those that suggest emergence of a dip on a daily time-frame.

Traders' Sentiment
The share of the bullish towards USD/CAD market participants fluctuates day after day by several percentage points, but it does not fall below a mark of 70%, meaning the SWFX sentiment is fairly stable and strongly positive, though the upward momentum has been unable to push the price higher the past week.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 04 Sep 2013 14:47:56 GMT

NZD/USD soared through 0.7868

There is no trace left from yesterday's hesitation—NZD/USD has jumped through a number of levels and now seems to be able to form a base above the monthly pivot point at 0.7868, which it subsequently might use as a springboard for a rally towards the July high at 0.8105.

Wed, 04 Sep 2013 14:47:43 GMT

AUD/USD surged beyond 0.9040

Despite the presence of the falling resistance line the Aussie was not discouraged and kept on appreciating, leading to a rally that now endangers not only intactness of 0.9040, but also intactness of the 55-day SMA at 0.9091 and the monthly R1 at 0.9141.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.