USD/CAD appreciates slightly

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The 2014 trading pattern to me looks a fair bit like what we saw last year. So, given the bounce we had last year, given the general seasonal trend over the last 15 or so years for May to be a little bit better for the U.S. dollar from a seasonal point of view, I do think we're close to a low point here." 
- TD Securities (based on Reuters) 

Pair's Outlook 
There have been little changes, after at the beginning of the week the pair slipped rather significantly and approached 1.0953. The majority of the technical indicators are mixed; however, if we look in the longer time frame then advance is expected. We do think that the U.S. Dollar will recover from Monday's losses, the next resistance level is around the major level at 1.1000. If this level is breached then the pair might climb towards the weekly PP and 100-day SMA at 1.1029/38. 

Traders' Sentiment 
The sentiment towards USD/CAD slightly improved, but a majority of the market participants are still expecting the greenback to underperform, namely 58% of them.
© Dukascopy Bank SA
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Actual Topics

Fri, 02 May 2014 14:07:39 GMT

NZD/USD trades above 0.86

Since the pair broke the weekly PP at 0.8587 on Wednesday it has stayed there; however, a further appreciation has not fallowed.

Fri, 02 May 2014 14:07:26 GMT

AUD/USD drops towards weekly S1 at 0.9223

This week the pair was little changed and mostly traded around the major level at 0.9250, excluding today's decline.

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