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- Canadian Prime Minister Stephen Harper (based on Reuters)
Pair's Outlook
The U.S. Dollar rebounded from April's low at 1.0859 to climb above the 1.09 mark once again. If the pair retains its position at the current levels, then we are likely to witness a further advance, possibly even an attack towards the major level at 1.10. In the mean time, the daily and weekly technical indicators are neutral, meaning that they do not give any clear signals, while the monthly ones are pointing to the north (bullish signal).
Traders' Sentiment
Current advance is apparently discouraging some of the traders; as compared to the yesterday's readings, the share of long positions fell from 72% to 65%. The distribution between the buy and sell orders is quite stable—58% and 42% respectively.
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