USD/CAD hovers above 1.10

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"I expect it to go lower. We'll probably see the Canadian dollar get down to 85 cents against the U.S. dollar and that probably means we're not going to get any rate cuts in Canada."
- Scotiabank (based on CBC)


Pair's Outlook

Pair took a step back after failure last week and at the moment is hovering above the major level at 1.10. We expect it to trail slowly lower until it hits 1.10 and then reattempt to advance higher. In case of failure to advance above 1.1174/81 or a dip below 1.10 it should sell off til 1.09. Failure there could provoke a major sell off till 1.07

Traders' Sentiment

Bears are increasing their pressure on the bulls. Bearish holdings increased by 3%, till 42%. In addition to this, majority of pending orders, 53% to 58%, depending on the range, are set to go short as well.
© Dukascopy Bank SA

Actual Topics

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.