© Dukascopy Bank SA
"Governor Carney's comments yesterday were far less hawkish than previous ones so it has the market reevaluating their expectation for an interest-rate hike in Canada."
- Bank of Nova Scotia (based on Bloomberg Businessweek)
Pair's Outlook
Pair has reached very important point as it approaches 0.9885 area where it lost over 100 pips just few weeks back. If pair manages to advance above 99 cent mark reaching parity condition should be just a matter of time. However, if pair fails to advance further we could certainly see another dip to 0.98 or even lower.
Traders' Sentiment
Additional 5% of traders started holding long positions on the pair as amount of the bulls in the market reached 74% mark. Distribution of pending orders suggest even further strengthening of bullish sentiment as 61% of pending orders on the are to go long.
© Dukascopy Bank SA