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

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.