USD/CAD continues higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The 4 day rally is the best since September. The 1/20 high (1.3387) has been tagged so some back and fill might need to take place before another leg up."
- Jamie Saettele, Daily FX 


Pair's Outlook 
During the first half of Friday's trading session the Greenback managed to surge even higher against the Loonie, as it was forecasted previously. The previous forecast of a possible surge up to the 1.3576 level, where the 50.00% Fibonacci retracement level is located at, remains in force. Although, a consolidation to the downside is likely to come before that. Moreover, during Friday's trading session there are a lot of fundamentally important speeches scheduled, as members and the chairwoman of the FOMC are set to speak in the second half of the day's trading session. 

Traders' Sentiment 

SWFX traders are clearly shorting the pair, as 64% of open positions are bearish. Meanwhile, 53% of trader set up orders are set to sell the Buck.
© 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.