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- ForexLive (based on Reuters)
Pair's Outlook
The pair has not fluctuated as strongly as it did yesterday; however, it has added some value to its price. It is very much clear that the pair is targeting the 1.15 level that was already reached yesterday. A slight majority of the technical indicators are bullish and that could add to the overall traders' confidence. We do not see the pair losing its bullish steam any time soon, as we see only a short-term dips ahead.
Traders' Sentiment
More than 70% of the SWFX market participants believe that the U.S. Dollar is going to outperform the Canadian currency. And this number could go down, as 61% of orders are placed to sell the greenback.
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