USD/CAD gained a toehold above 1.0285/71

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It's getting back to what are 'normal' market conditions where you have to look at each country for its own value, and that's on economics. So for the Canadian dollar, I think we still have weakness ahead."
- John Curran, CanadianForex (based on Reuters)

Pair's Outlook

As it turned out, a recent breach of the long-term moving average (for 200 day) was insufficient to change the outlook from positive to negative, especially considering that the major up-trend support line at 1.0209 was not violated. There USD/CAD formed a trough and commenced a recovery, though the rally is currently under considerable pressure—most of the daily studies give ‘sell' signals.

Traders' Sentiment
The bullish sentiment of the SWFX marketplace participants towards USD/CAD has strengthened over the weekend, with the share of open long positions increasing by two percentage points to 74%. At the same time the gap between the buy (64%) and sell (36%) orders narrowed.
© Dukascopy Bank SA
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Actual Topics

Mon, 23 Sep 2013 14:34:03 GMT

NZD/USD approaches 0.8317/10

Having lost its bullish momentum, NZD/USD is slowly grinding lower after peaking at 0.8435 on Sep 19, though technicals on all three relevant time-frames are pointing north at the moment.

Mon, 23 Sep 2013 14:09:05 GMT

AUD/USD underpinned by 0.9404/0.9379

Taking into account that the resistance at 0.9508, being the 38.2% Fibonacci retracement of the April-August decline, remains intact, the medium-term risks are still assumed to be tilted to the downside.

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