USD/CAD reach weekly S1 at 1.0705

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Everybody expects a bounce - correctly, I think - in the second quarter, but you're still left with first-half growth that's going to be quite a bit weaker than people had thought."
- Royal Bank of Canada (based on Reuters)

Pair's Outlook
The greenback extended its decline against the Loonie today as the weekly S1 at 1.0705 was approached. The next support level (weekly S1 and monthly S2) could indicate pair's downtrend strength. If this support level fails to stop pair's retreat then 2011 high might be reached. Nevertheless, it is rather likely that greenback's retreat could stop here or at least to slow down. The daily technicals are also taking neutral stance.

Traders' Sentiment
More than 70% of the SWFX market participants believe that the U.S. Dollar is going to outperform the Canadian currency. And this number could go even up, as 65% of orders are placed to purchase the greenback.
© Dukascopy Bank SA
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Actual Topics

Fri, 27 Jun 2014 05:16:03 GMT

NZD/USD flirts with 2014 high

The Kiwi extended its yesterday's appreciation against the buck today. The pair traded just 4 pips below this year's high at 0.8780; although, afterwards it fell lower.

Fri, 27 Jun 2014 05:15:44 GMT

AUD/USD testing monthly R1

The Aussie appreciated slightly today and even though it failed to breach the monthly R1 at 0.9415 it still is trading above the major level at 0.94.

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