The US Dollar remained relatively unchanged against its Canadian counterpart on Tuesday, due to mixed fundamental data. However, yesterday's small drop caused the given pair to open below the up-trend once again. Even though technical studies are suggesting the USD/CAD is to trade flat for the third consecutive day, a correction is likely to take place, pushing the Greenback if not above, then at least closer to the up-trend. The main obstacle is the weekly PP just over the opening price, whereas space for the Buck falling towards the 20-day SMA around 1.3309 remains.
Market sentiment barely changed, as 60% traders are long the Buck; while sell orders are outnumbering the buy ones by only 2% points.