© Dukascopy Bank SA
– based on Daily FX
Pair's Outlook
The Greenback marked its fourth consecutive session of gains against the Canadian Dollar, as the currency exchange rate surged from 1.3088 to 1.3129. With the start of the new week on Monday the US Dollar continues to appreciate against the Loonie, as the pair opened the session higher at 1.3131, and it already surged to 1.3170 by 10:45 GMT. In addition, daily aggregate technical indicators forecast a surge for the pair today.
Traders' Sentiment
SWFX trader sentiment has become less bullish, as 70% of open positions are long on Monday, compared to 73% on Friday. In the meantime, pending orders in the 100-pip range are exactly the same as the open positions, as 100-pip range commands are 70% long.
© Dukascopy Bank SA