USD/CAD bounces off the August high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We're getting a higher price for our oil exports and that's a net benefit for Canadian producers. We got the sense that the run-up we saw mid-November to early December, where we touched up to the high of C$1.07, that the long U.S. dollar trade was a little stretched."
- Cambridge Mercantile Group (based on Bloomberg)

Pair's Outlook

Bounce from the 20-day SMA was short lived as the pair dipped once again. However, it found additional support with August high and at the moment is heading towards 2011 high. We expect some bearishness there, but overall trend should persist. 2013 high, however, is almost certain to fail the pair, at least for the short term.

Traders' Sentiment

After a 4% increase in bullish side, the distribution of open positions remains stable at 75% of traders being long on the pair. Bullish side of pending orders, however, increased by 4% and is at 59% level today.
© Dukascopy Bank SA
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Actual Topics

Thu, 12 Dec 2013 16:15:07 GMT

NZD/USD seems to be ranged bound

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Thu, 12 Dec 2013 16:14:49 GMT

AUD/USD continues to deppreciate

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