USD/CAD supported by 1.0152/48

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The rebound in January bodes well for quarterly growth [of GDP] … but the pace is still looking fairly moderate, sub-potential."
- Royal Bank of Canada(based on Reuters)

Pair's Outlook

Despite presently observed dearth of liquidity, the U.S. Dollar is outpacing its Canadian counterpart. At the moment the currency pair is headed towards 1.0187/84, but also carries potential to reach 1.0235/32, the 20-day SMA and weekly pivot point. As for the technical indicators, daily studies are slightly bearish, whereas on a weekly time-frame that augur robust recovery.

Traders' Sentiment
A shallow rally increased attractiveness of longs positions, goading investors into buying the U.S. Dollar and thereby pushing the share of bulls in the market up to 66%. The ratio between the buy and sell orders is 67% to 33%, implying that many traders are planning to buy on dips.
© Dukascopy Bank SA
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Actual Topics

Fri, 29 Mar 2013 16:53:18 GMT

NZD/USD aims for 0.8476 in the long term

Even thought there is not much bullish action right now, all of the relevant technical indicators in aggregate are giving ‘buy' signals, suggesting that the price is targeting 0.8476 that in turn has proven to be impenetrable in December of the last year and the first two months of 2013.

Fri, 29 Mar 2013 16:52:54 GMT

AUD/USD touched 1.0403/1.0387

The currency pair has approached a confluence of supports, consisting of the 100 and 200-day SMA, apart from the monthly R1, telling us that extension of the dip is viewed as a less likely scenario than resumption of the rally started in the very beginning of March.

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