USD/CAD falls to monthly support at 1.2846

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The continuation of the expected bearish trend depends on holding below 1.2985 level, as breaching it represents the first key to the return to the correctional bullish track that its dimensions appear on the above chart." 
– based on economies.com 

Pair's Outlook

The USD/CAD exchange rate is struggling at the first monthly support at 1.2846 mid-Wednesday. Previously, on Tuesday the currency exchange rate fell below the second weekly support at 1.2875 and reached the monthly S1. Moreover, the pair reached below the monthly support before ending day's trading session at the before mentioned level. The rate is most likely to continue moving lower, as the next notable support level is at 1.2767, where the third weekly support and lower Bollinger band are located at.

Traders' Sentiment

SWFX trader sentiment at the moment is 62% bullish. However, pending commands are 57% to sell the currency pair, which indicates at a continuation of the downward movement.
© Dukascopy Bank SA
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Actual Topics

Wed, 07 Sep 2016 13:16:41 GMT

NZD/USD set for upper trend line

The New Zealand Dollar continues its race northwards against the US Dollar. On Wednesday the currency exchange rate broke what was left of resistance

Wed, 07 Sep 2016 13:38:03 GMT

AUD/USD confirms downward trend

Following the 1.4 percent surge over Monday's trading session that confirmed the three and a half year down-trend, AUD/USD put an end to the attempt by developing bearish momentum on Tuesday.

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