Note: This section contains information in English only."Currently, USD/CAD is trading slightly above the 1.32 line. On the release front, Canada will publish Housing Starts, with the indicator expected to improve to 194 thousand."
– Market Pulse (based on investing.com)
Pair's Outlook
[ANNOUNCE]By midday on Tuesday the Greenback regained ground lost to the Loonie on Monday.[/ANNOUNCE] Previously, during Monday's trading session the currency exchange rate moved from a start of 1.3245 to the level of 1.3175 by the end of the day. Moreover, during the previous session the currency pair found support in the first weekly support level at 1.3141, which might have started the rebound in the first place. During the first half of Tuesday's trading session the pair surged to the weekly PP at 1.3227, and it was struggling to pass it. It is most likely that the resistance will not be broken.
Traders' Sentiment
Traders are largely bearish, as 72% of open positions were short mi-Tuesday. In the meantime, pending commands are almost neutral, as 51% of set up orders are to buy.
Tue, 11 Oct 2016 14:26:04 GMT
Source: Dukascopy Bank SA
– Market Pulse (based on investing.com)
Pair's Outlook
[ANNOUNCE]By midday on Tuesday the Greenback regained ground lost to the Loonie on Monday.[/ANNOUNCE] Previously, during Monday's trading session the currency exchange rate moved from a start of 1.3245 to the level of 1.3175 by the end of the day. Moreover, during the previous session the currency pair found support in the first weekly support level at 1.3141, which might have started the rebound in the first place. During the first half of Tuesday's trading session the pair surged to the weekly PP at 1.3227, and it was struggling to pass it. It is most likely that the resistance will not be broken.
Traders' Sentiment
Traders are largely bearish, as 72% of open positions were short mi-Tuesday. In the meantime, pending commands are almost neutral, as 51% of set up orders are to buy.