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– AvaTrade (based on investing.com)
Pair's Outlook
By mid-day on Monday the US Dollar had lost a lot of ground to the Canadian Dollar, as the currency exchange rate fell below the 1.3430 mark. During the fall the pair passed the support provided by the weekly PP at 1.3480, 20-day simple moving average at 1.3449. Afterwards the rate reached the weekly S1 at 1.3424, which seemed to have paused the fall at the start of the afternoon.
Traders' Sentiment
SWFX traders have dropped their largely bullish outlook, as traders were almost neutral on Monday with 51% of open positions being long, compared to 60% on Friday. Meanwhile, trader set up orders have remain stable, as 53% of pending commands are still set up to sell the Greenback.
© Dukascopy Bank SA