USD/CAD struggles with resistance at 1.32 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Canadian dollar is poised to extend its four-month slump as the U.S. Federal Reserve prepares to tighten monetary policy further, while the chances of an interest-rate cut in Canada increase." 
– based on Bloomberg

Pair's Outlook

The Loonie is not giving up against the Greenback on Friday so easily, as the currency exchange rate keeps struggling below resistance almost at the 1.32 mark. The US Dollar seemed to have broken through the resistance put up by the weekly R2 at 1.3207 by mid-Thursday. However, after even reaching above to the level of 1.3235, the currency pair fell to end the day's trading session with losses for the Buck at 1.3160. By mid-Friday the rate kept pounding on the resistance, and it is most likely to break it soon.

Traders' Sentiment

SWFX trader sentiment at the moment is 69% bearish. In the meantime, pending commands are 54% to sell the US Dollar.
© Dukascopy Bank SA
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Actual Topics

Fri, 16 Sep 2016 13:23:24 GMT

NZD/USD slows down the rebound

After finally breaking free from the ascending wedge's support line the Kiwi slowed down the sub sequential surge against the US Dollar.

Fri, 16 Sep 2016 13:45:05 GMT

AUD/USD dips in attempted rebound

AUD/USD traded steady on Friday, showing little volatility and casting doubt on whether the 0.7483 support level based on the 100-day SMA is attainable during the trading session.

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