USD/CAD climbs slowly, but steadily towards 1.33

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
© Dukascopy Bank SA
"The bar for a dollar positive surprise from the payrolls data has likely shifted higher above 230,000 given concerns that ongoing volatility will prevent a hike in September." 
- Citi (based on CNBC) 

Pair's Outlook 
On Wednesday, the USD/CAD currency pair gained only ten pips, remaining relatively unchanged. The situation remains no different from yesterday, as the cluster around 1.3150 keeps supporting the pair from below, while the obstacle around 1.3365 is yet to be overcome. However, the Greenback's volatility to the downside was limited by the 1.32 major level and somewhat by the weekly PP yesterday, which is providing substantial support today. As a result, the Buck is likely to post minor gains by day's end, as technical studies suggest. 

Traders' Sentiment 
Bulls lost some numbers again, as only 44% of all positions are long. The share of purchase orders, however, edged up from 33 to 49%.
© Dukascopy Bank SA
© Dukascopy Bank SA
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Actual Topics

Thu, 03 Sep 2015 15:05:10 GMT

NZD/USD to bounce back from the monthly and weekly PPs again

The New Zealand currency behaved according to the forecast, as the NZD/USD appreciated on Wednesday and negated Tuesday's losses.

Thu, 03 Sep 2015 14:43:04 GMT

AUD/USD retraces its steps to 0.70

The Australian Dollar managed to rebound on Wednesday, as the psychological level of 0.70 along with the Bollinger band proved to be too difficult to breach.

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