USD/CAD attacks resistance at 1.0760

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Bank of Canada spent a lot of time this week to reinforce the transitory nature of inflation to downplay the recent strength in inflation and here we are with inflation a little bit stronger than expected."
- TD Securities (based on Reuters)

Pair's Outlook

Being that recently USD/CAD has confirmed the 21-month up-trend support line, there is a good chance the nearby resistances are not going to hold the pair down for long. For the time being the monthly pivot point, in conjunction with the five month down-trend, manages to keep the bulls at bay, but a majority of the monthly indicators is pointing North. If both 1.0760 and 1.09 are broken, this year's high at 1.1278 will most likely become the next target.

Traders' Sentiment

It appears that a substantial portion of the SWFX market participants is strongly convinced in the U.S. Dollar having unrealised bullish potential, since 73% of open positions are long. At the same time 60% of orders are set to purchase the Buck.
© Dukascopy Bank SA
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Actual Topics

Fri, 18 Jul 2014 15:44:17 GMT

NZD/USD probes demand at 0.8675/39

This week turned out to be distinctly bearish for NZD/USD—nearly two figures have been lost since Monday.

Fri, 18 Jul 2014 16:39:11 GMT

EUR/USD pulls away from January low

A release of U.S. consumer sentiment report drove the Euro away from 1.3491, the lowest point since January. University of Michigan stated that CSI (Consumer Sentiment Index) dipped to 81.3 during a month. EUR/USD rose to 1.3513 and is likely to be supported at 1.3478, while the resistance is reckoned to be at 1.3540. Meanwhile, the Euro settled at 0.7918

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