© Dukascopy Bank SA
- based on Daily FX
Pair's Outlook
The US Dollar depreciated against the Canadian Dollar on Thursday, as the pair fell below first monthly resistance line at 1.3161 and ended day's trading session at 1.3157. On Friday morning the currency exchange rate resumed trading at yesterday's ending level, and the rate had surged to 1.3171 by 11:00 GMT. In addition, daily aggregate technical indicators forecast a surge for the pair today. However, during the first half of the trading session, the pair had fluctuated between 1.3133 and 1.3187.
Traders' Sentiment
SWFX trader bullish sentiment on the pair has increased on Friday, as 73% of open positions are long. In the meantime, pending orders in the 100-pip range are 59% short.
© Dukascopy Bank SA