"President Trump fired the widely criticized director of the FBI yesterday."
— Marc Chandler, Brown Brothers Harriman (based on investing.com)
Pair's outlook
By the middle of Wednesday's trading session the Greenback had retreated against the Canadian Dollar down to the weekly PP, which is located at the 1.3695 mark. The move occurred after in the second half of Tuesday's trading, as forecasted, the pair hit the weekly R1, which is located at the 1.3752 level. It is highly likely that the currency exchange rate will move down to the weekly S1 at the 1.3596 level, as there are no other support levels until that level. On the other hand another move for the R1 might be possible.
Traders' sentiment
SWFX traders are highly bearish on the pair, as 72% of open positions are short, and 67% of trader set up orders are set to sell.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -44% | -42% | -46% | |
| Orders | -34% | -30% | -42% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Buy | |
| ADX (14) | Buy | Neutral | Neutral | |
| CCI (14) | Neutral | Sell | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ↗ | ↗ | ↑ | |