- TD Securities (based on FXStreet)
On Friday, the US Dollar barely managed to negate last Thursday's losses, in spite of strong volatility to the upside. The 2009 high remains unclaimed, but the USD/CAD is expected to make another attempt today. However, the Greenback remains subject to weakness, as it struggled to breach the six-year high during all of the previous week. As a result, the given pair might retreat towards the 1.30 major level, while a surge to 1.3086, namely the monthly R3, is anticipated.
Market sentiment improved, as 41% of traders are long the Buck today, compared to 31% previously. Meanwhile, the portion of buy commands added 19 percentage points, up to 62%.