USD/CAD approaches 6-month high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There's a growing consensus that (the Fed) might alter the forward guidance to remove the 'considerable time' phrasing around when they're going to start tightening after they're done tapering."
- CIBC World Markets (based on Reuters)

Pair's Outlook
The U.S. Dollar has been one of the best performers this week, also against its Canadian counterpart. Currently, the pair is fluctuating around the weekly R3 and monthly R2 at 1.1068/82 and it seems that it is poised to touch the major level at 1.11. At the mean time, the majority of weekly and monthly technical indicators are to the upside, suggesting that the pair is not overbought. To our mind, the climb and close above the 1.10 level has changed the overall market sentiment to more bullish.

Traders' Sentiment
Even though the current advance has discouraged some of the traders, the traders' sentiment still remains bullish, with distinct majority (64%) of them favouring the U.S. Dollar over the Loonie.
© Dukascopy Bank SA
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Actual Topics

Fri, 12 Sep 2014 15:43:06 GMT

NZD/USD remains bearish

The New Zealand's currency cannot find the end of its current retreat, the pair has fallen significant 700 pips from its peak on 10th of July.

Fri, 12 Sep 2014 15:21:04 GMT

AUD/USD reaches lowest level in 6 months

The Aussie has been very bearish through this week, the AUD/USD currency cross started the week more than 300 pips higher than it is trading at the moment writing.

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