USD/CAD shot through supports

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"For a while it's been quite clear the Canadian labor market has recovered to its per-recessionary position and this data just suggests that while the Canadian economy has had its issues this year it still is in better shape than the U.S."
- Rabobank International (based on Bloomberg)

Pair's Outlook

The fundamentals introduced notable changes into USD/CAD chart, making the rate ignore the nearby resistances and immediately rush towards the 55-day SMA at 1.0403. Still, none of the key supports, such as the up-trend line at 1.0371 or another major support at 1.0254, have not yet been violated, meaning that the long-term perspective remains positive.

Traders' Sentiment
Even though the Canadian Dollar has already been one of the least popular currencies, there are now even less traders inclined to purchase the currency—in its crosses only 27% of positions are opened with expectation that the loonie will outperform the greenback.
© Dukascopy Bank SA
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Actual Topics

Fri, 06 Sep 2013 15:06:56 GMT

NZD/USD renews rally

Neither the 55 nor the 100-day moving averages were sufficient to contain bullishness of the New Zealand Dollar that continues to appreciate at an accelerated pace.

Fri, 06 Sep 2013 15:06:40 GMT

AUD/USD preserves bullish impetus

While yesterday AUD/USD pulled back after a sharp rally, the dip did not reach the down-sloping trend-line, allowing the price to start yet another green candle ahead of the 55-day SMA.

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