USD/CAD breaches 1.16 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If you need to buy U.S. dollars you most certainly need to err on the side of caution in these last couple of weeks of the year because the storm is upon us."
- Scotiabank (based on Reuters)

Pair's Outlook
Even though the USD/CAD has gained strongly over the past months, the overall bias still remains in the positive territory. Additionally, by reaching a new high the pair is trading at the highest level seen this year. Nonetheless, it has left the boundaries of the longer-term bullish channel and there is a possibility of the pair returning in its trading range. In the mean time, the weekly technical indicators are still bullish.

Traders' Sentiment
Current advance is apparently discouraging some of the traders; as compared to the yesterday's readings, the share of long positions dropped from 75% to 59%. At the same time the gap between the buy (34%) and sell (66%) orders is narrowing.
© Dukascopy Bank SA
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Actual Topics

Tue, 16 Dec 2014 15:34:13 GMT

NZD/USD rebounds from yesterday's losses

The weekly PP at 0.7754 has given the pair necessary bullish bias to rebound above the 0.78 mark today.

Tue, 16 Dec 2014 15:12:04 GMT

AUD/USD decline stopped by 0.82

The Aussie's down-trend has been halted by the support at 0.82; however, a similar occurrence was witnessed around the 0.83 level; therefore, it does not especially mean that the retreat has ended.

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