USD/CAD inches a bit higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It's a little bit worrying to see the weakness on the non-residential side (of building permits), though it did show a strong gain last month. It's not indicating non-residential is poised to start leading growth."
- Royal Bank of Canada (based on Bloomberg)

Pair's Outlook
Pair showed few consecutive bullish sessions which suggest that bulls intend to retest 1.035. If it is breached 1.0375 could easily send the pair back and only peak above it would uplift most of the downside risk. We think that 200-day SMA should continue provide enough support for the pair. However, in case it unexpectedly fails, the pair could trail to 1.023 and to 1.018 after that.

Traders' Sentiment
Market sentiment remains exactly the same as yesterday. 71% of market participants have long positions opened on the pair and 56% of all pending orders are set to go long as well.

© Dukascopy Bank SA
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Actual Topics

Tue, 08 Oct 2013 14:57:40 GMT

NZD/USD stable around 0.83

Pair seems to be heading towards almost identical (just bullish) session like yesterday as 0.83 keeps holding as a key support.

Tue, 08 Oct 2013 14:57:08 GMT

AUD/USD stable between 94 and 95

At the moment the pair seems evenly capable of dipping to Fibo 38.2% retracement which was tested last week and peaking up to September high.

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