USD/CAD grinds higher

The signals provided by the daily studies largely coincide—nearly all of them are bearish. Nevertheless, there is a number of tough supports that should prevent appearance of the dips, including the 200-day SMA and the long-term trend-line. Intactness of these levels secures the bullish bias that is anticipated to evolve further with the progress of time.

The bullish SWFX marketplace participants have ceded some of the ground, as their share has dropped by two percentage points since the last report, but nonetheless their view is shared by a substantial part, namely by 71% of the traders. Concerning orders, 67% are buy and 33% are sell orders.