"The foreign exchange market is becalmed, leaving the US dollar narrowly mixed."
— Marc Chandler, Brown Brother Harriman (based on investing.com)
Pair's outlook
By the middle of Friday's trading session the Greenback had not scored major gains against the Canadian Dollar. However, there was strong evidence that the surge of the currency pair will continue. First of all the 55-day SMA was providing strong enough support, which held ground during the day at 1.3492. Secondly, the resistance of the weekly R1 at the 1.3534 level had been pierced during the first half of the day's trading. Due to these reasons combined it can be assumed that the currency exchange rate will reach for the next notable resistance, which is the monthly PP at the 1.3561 level.
Traders' sentiment
SWFX traders are majorly bearish, as 65% of open positions are short, compared to 59% previously. Meanwhile, only 52% of trader set up orders are to buy the Buck.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -30% | -18% | -16% | |
| Orders | 4% | -2% | -8% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| ADX (14) | Neutral | Neutral | Neutral | |
| CCI (14) | Neutral | Neutral | Sell | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | → | ↗ | ↗ | |