USD/CAD falls below 1.29 on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Canadian dollar gained the most in five weeks against the greenback after the nation's July trade deficit narrowed more than economists predicted, adding to evidence the Bank of Canada is less likely to lower interest rates." – based on Bloomberg 

Pair's Outlook

The US Dollar continued to depreciate against the Canadian Dollar by mid-Tuesday, and the day marked the fourth consecutive session of losses. Previously, the currency exchange rate ended Monday's trading session at 1.2931, which is exactly below the first weekly support level at 1.2933. The currency exchange rate managed to move lower to 1.2898 already by 11:00 GMT on Tuesday, and it is most likely to fall at least to the 1.2875 level, where the next weekly support level is located at.

Traders' Sentiment

SWFX trader sentiment at the moment is 52% bullish. However, pending commands are 57% to sell the currency pair, which indicates at a continuation of the downward movement.
© Dukascopy Bank SA
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Actual Topics

Tue, 06 Sep 2016 13:26:03 GMT

NZD/USD marks a week of gains

"The New Zealand dollar fell from near a 16-month high on a trade-weighted basis but is still seen as sufficiently above the levels projected by the Reserve Bank to warrant another cut to the official cash rate in coming months." – based on NZ HeraldPair's OutlookThe New Zealand Dollar continued to book gains against the US Dollar mid-Monday, as the currency

Tue, 06 Sep 2016 13:04:03 GMT

AUD/USD confirms downward trend

"The RBA (Reserve Bank of Australia) is expected to keep the benchmark interest rate unchanged at record low 1.5%, in what will be Governor Glenn Stevens's final rate decision, after the bank cut rates two times in the past four months." – based on Daily FXPair's OutlookAUD/USD picked up where it had left off on the first part of Tuesday's trading

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