USD/CAD struggles to remain at new ten-year high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"With all the uncertainty around when the Fed will raise rates, with this weeks Fed speakers keeping the October option still alive, attention will be particularly focused on the US manufacturing sector which has shown significant weakness around the Fed regions in the last month." 
- CMC Markets (based on WBP Online) 

Pair's Outlook 
Even though the USD/CAD went over the weekly R1, trade still closed only at 1.3421. Nevertheless, the US Dollar edged higher against the Loonie, but a correction is expected to take place today. Commodity currencies are on the rise today, thus, the Canadian Dollar is pushing the Greenback lower, back under the 1.34 major level. The Bollinger band represented the nearest support, although the given pair risks falling even deeper, namely towards the monthly R1 at 1.3343. 

Traders' Sentiment 
Bears keep dominating the market, as 70% of all positions are short (previously 71%). There are significantly less orders to acquire the Greenback, namely 37%, compared to 75% yesterday.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 30 Sep 2015 14:07:05 GMT

NZD/USD to recover from weekly losses

After experiencing rather substantial volatility, the New Zealand currency managed to advance against its American counterpart.

Wed, 30 Sep 2015 13:45:07 GMT

AUD/USD regains bullish momentum

The AUD/USD currency pair remained relatively unchanged on Tuesday, losing only six pips, but reaching the intraday low of 0.6940.

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.