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- Business Council of British Columbia (based on Vancouver Sun)
Pair's Outlook
Pair is not showing any strong intentions to change it's course of action in the nearest future. It continues to show slight bearish bias and hovers slightly below where weekly and monthly PP. It seems very likely that such course of action will persist until it hits weekly S1 or 55-day SMA, which might provide strong enough impetus to kick the pair higher. Dip below any of the two seems unlikely, but in case of occurrence could provoke a sell off till 1.08.
Traders' Sentiment
Bullish side of open positions increased by3% and is at 64% gauge today. Distribution of pending orders remained almost unchanged and is at 50-55% level depending on the range around the current market price.
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