© Dukascopy Bank SA
"With volatility low, the Canadian dollar is well positioned to rally further; however on a broader basis the Canadian dollar is likely to remain within a wide range and struggle to strengthen beyond this year's highs of C$0.98"
-Scotiabank (based on The Wallstreet Journal)
Pair's Outlook
Pair seems to be losing its momentum and it is highly likely that, if the pair wont manage to breach 0.9900, we will see price correction towards parity level in the medium term.
Traders' Sentiment
75% of the traders are expecting appreciation of the pair in the near future and it is highly likely that expectations wont change much since 70% of orders made in the range of 100 pips from the current price are long orders as well.
© Dukascopy Bank SA