USD/CAD takes a U-turn in front of 1.33

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Relative policy considerations are likely to be CAD supportive, given the continued softening in expectations for BoC easing over the next 12 months—now pricing a 39% chance of a 25bpt rate cut, halving from 78% in late August."
- Scotiabank (based on FXStreet) 

Pair's Outlook
The USD/CAD currency pair behaved in accordance with the forecast yesterday. Gains were limited by the psychological level of 1.33 and the group of resistances around 1.3365 lie out of reach, therefore, the Greenback should bounce back today. Immediate support is located around 1.3225, namely the weekly PP and 20-day SMA. The given support is lies near the 1.32 major level, which is likely to prevent any further losses. A breach through this major mark could trigger an even sharper decline towards the second cluster around 1.3150. 

Traders' Sentiment 
The majority of traders, namely 72%, hold short positions today. The portion of orders to acquire the Buck edged up from 46 to 70%.
© Dukascopy Bank SA
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Actual Topics

Tue, 08 Sep 2015 14:59:06 GMT

NZD/USD focuses on retaking 0.63

The NZD/USD dropped only 21 pips on Monday, with volatility stretching out only to 0.6244.

Tue, 08 Sep 2015 14:26:04 GMT

AUD/USD attempts to regain the bullish momentum

The Aussie remained relatively unchanged against the US Dollar on Monday, as the pair added only 11 pips.

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