© Dukascopy Bank SA
- Mark Carney, Bank of Canada Governor (based on Reuters)
Pair's Outlook
USD/CAD did not confirm a breakout from the down-trend resistance line on Jan 22, receding away from the 200-day SMA. Thereby further prospects of the pair were deemed to be from neutral to negative. The latest events, however, refuted this outlook, pushing the pair above 0.9967/60, paving the way towards 1.0014.
Traders' Sentiment
A jump of USD/CAD has lead to a reduction of the portion of bullish towards the pair traders down to 66%. Short positions constitute a lesser part (34%), but the gap between these two camps has markedly narrowed. Orders placed on the currency couple, on the other hand, do not give a clear signal, 51% of them are buy and 49% are sell.
© Dukascopy Bank SA