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    USD/CAD risks falling to the lowest in two weeks

    © Dukascopy Bank SA
    "So any disappointment [in the Non-Farm Payrolls] is likely to change the sentiment within the FOMC members against hiking, or at least to spur further doubt, and this will be reflected in a weaker U.S. dollar." 
    - Commerzbank (based on CNBC) 

    Pair's Outlook 

    There were no surprises in the USD/CAD pair's performance on Thursday, as the Greenback stabilised in front of the expected support, namely the monthly PP. The USD remains under pressure and risks falling to the weekly S1 at 1.3202. A breach of the given support could trigger a fall towards the next target, represented by the 55-day SMA and the Bollinger band. Nonetheless, the US currency is still located at multi-year highs against its Canadian counterpart, in spite of falling through most of the week. 

    Traders' Sentiment
    The share of bulls doubled, as 54% of traders now hold long positions. The gap between the buy and the sell orders widened, as 77% of all commands are to purchase the Buck, up from 71%.
    © Dukascopy Bank SA

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