USD/CAD ready to start bearish correction

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"While Canada looks to do better against the other majors, like the euro, sterling, even the Australian dollar, that will essentially give it a little bit of protection against U.S. dollar strength, but there really is no place to hide from the big dollar in 2015."
- BMO Capital Markets (based on Reuters)

Pair's Outlook

For the time being USD/CAD is inactive, but once the volatility comes back, the US Dollar will likely decline. The currency pair is facing a dense supply area between 1.1670 and 1.1630 after reaching the upper boundary of the channel, and it should be enough not only to stop further advancement, but also to force USD/CAD to give up some of the latest gains. But the dip is expected to last only until 1.14, the lower boundary of the channel.

Traders' Sentiment

The share of bullish market participants remains constant at 70%, meaning the traders expect the greenback to keep getting more expensive. As for the orders, 42% of them are to buy and 58% are to sell the US Dollar.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 26 Dec 2014 15:49:07 GMT

NZD/USD challenges down-trend at 0.7760/50

NZD/USD is currently testing the down-trend at 0.7760/50, which is supposed to guide the pair beneath 0.77 and towards the 2014 low at 0.76.

Fri, 26 Dec 2014 15:27:06 GMT

AUD/USD underpinned by 2010 low

Although at first the bulls seemed to be giving up their positions near 0.81 without a proper fight, there start to appear signs the Aussie may actually recover in the next few weeks before violating the 2010 low.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.