© Dukascopy Bank SA
-based on Daily FX
Pair's Outlook
The US Dollar was highly volatile against the Canadian Dollar on Tuesday, as the pair bounced between the levels of 1.3007 from the downside to a height at 1.3141. During the fluctuation, it ignored both monthly and weekly pivot points. In the first half of Wednesday's trading session the pair has slightly surged from 1.3111 to 1.3124 BY 11:00 GMT. During the session the pair touched and rebounded against the weekly PP at 1.3100. Daily aggregate technical indicators forecast a continuation of the surge during the rest of the session.
Traders' Sentiment
SWFX trader open positions on Wednesday are 74% long. In the meantime, pending commands are 57% short.
© Dukascopy Bank SA