USD/CAD suffers from post-NFP weakness

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It's not going to be a one-way rise in the dollar. The current dollar-buying sentiment will remain unchanged, but its speed needs to be adjusted." 
- Sumitomo Mitsui Trust Bank (based on Business Recorder)


Pair's Outlook 

The US currency edged lower on Monday, closing trade under the 1.33 major level. In the upcoming days the USD/CAD is expected to fall as low as 1.32 and, perhaps, even below the 55-day SMA (currently art 1.3175). In case of the breach, the second strong support to focus on is the 100-day SMA, which might climb a few pips higher and form an even stronger support with the help of the monthly PP and 20-day SMA. Meanwhile, the monthly R1 remains a resistance to be considered in case bulls take over. 

Traders' Sentiment
 
Bulls and bears broke out of the equilibrium, as 51% of all positions are now short and the remaining 49% are long. At the same time, the number of purchase orders decreased from 71 to 69%.
© Dukascopy Bank SA

Actual Topics

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.