USD/CAD recoups losses on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Canadian dollar weakness following the Bank of Canada (BoC) interest rate decision may persist over the near-term especially as U.S. President Donald Trump pledges to renegotiate the North American Free Trade Agreement." 
- David Song, Daily FX 

Pair's Outlook 
By the middle of Tuesday's trading session the US Dollar had surged and touched the 1.33 level against the Canadian Dollar. However, further gains during today's trading session are unlikely. The reason for that is that the rate stopped in the middle of a resistance cluster, which is made up of the 20 and 100-day SMAs and the 38.20% Fibonacci retracement level. All of these levels of significance are concentrated around the 1.33 mark. Although, the pair seems to have formed a medium term ascending channel, which could provide the needed support for the pair to break the resistance cluster. 

Traders' Sentiment 
SWFX traders are neutral on the pair. In the meantime, 55% of trader set up orders are to buy the Buck.
© Dukascopy Bank SA
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Actual Topics

Tue, 24 Jan 2017 15:02:42 GMT

NZD/USD remains flat

During the first half of Tuesday's trading the Kiwi saw almost equal volatility to both sides, but remained almost flat against the Greenback near the 0.7230 mark.

Tue, 24 Jan 2017 15:02:26 GMT

AUD/USD risks breaking the channel pattern

The Aussie found itself in a rather tricky situation today. On one hand, the AUD/USD currency pair is supported by the ascending channel's lower boundary, which should cause another rally today as on Monday.

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