USD/CAD returns to the path of recovery

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The next major upleg will need to be a policy induced catalyst we think, and at this time, we do not see one over the near-term horizon. Note however, that manufacturing sales later this week is expected to be quite weak which may keep USDCAD elevated." 
- TD Securities (based on FXStreet) 

Pair's Outlook 
The immediate support cluster just above the 1.29 psychological level was tested yesterday, ultimately pushing the USD/CAD higher. The pair reached the weekly PP, but closed trade in front of the 1.30 major level, boosted by tumbling oil prices. The Greenback is likely to ignore the distinctly bearish technical indicators today and extend its rally towards the monthly S1 at 1.3062, a breach of which might trigger the Loonie sell-off, causing the Buck to jump as high as the 20 and 55-day SMAs around 1.3180.  

Traders' Sentiment 
Market sentiment remains close to the neutral one, with only 52% of traders holding long positions (previously 51%). The portion of buy orders, on the other hand, declined from 58 to 43%.
© Dukascopy Bank SA
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Actual Topics

Tue, 13 Oct 2015 13:27:34 GMT

NZD/USD chained to 0.67

The resistance cluster around the 0.67 major level kept the New Zealand Dollar from rising against its US counterpart too high.

Tue, 13 Oct 2015 13:38:04 GMT

EUR/JPY preserves bearish trend

Surprisingly, the Japanese Yen managed to outperform the Euro on Monday, breaching the immediate support and stabilising at 136.32.

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