USD/CAD tests 1.14

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We could be entering a period of rest here where several currencies and several asset classes have made really large moves and now it's time to catch your breath and rethink where things should be valued."
- Scotiabank (based on Reuters)

Pair's Outlook
Apparently, USD/CAD has regained its bullish momentum, after the sharp drop on Friday, as the pair gained yesterday and has prolonged its advance with a test of the 1.14 level today. Moreover, the weekly and monthly technical indicators continue to be the way they have been for a while now—bullish. The biggest obstacle for a further appreciation is to break the major level at 1.14 and the monthly R1 at 1.1412; however, they will be challenged.

Traders' Sentiment
An overwhelming majority of the SWFX market participants consider the U.S. Dollar to be undervalued relative to the Loonie. Right now 72% of traders have opened long positions, while merely 28% of them believe the currency is going to decline.
© Dukascopy Bank SA
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Actual Topics

Tue, 11 Nov 2014 16:13:04 GMT

NZD/USD sits around weekly PP at 0.7756

The NZD/USD cross is not actively trying to climb higher and to reverse its losses; however, currently it also looks quite well supported around the weekly PP at 0.7756.

Tue, 11 Nov 2014 15:51:05 GMT

AUD/USD dips below 0.86 level

The Aussie has not enough of bullish momentum to breach the weekly PP and monthly S1 at 0.8649/59 for the time being.

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