The USD/CAD surprised with its performance last Friday, as the pair completely ignored Canadian fundamentals and climbed back up towards the 1.29 major level. Gains were limited by the 100-day SMA, but today the immediate resistance is also reinforced by the weekly PP, reducing the Buck's chances of appreciating again. Furthermore, technical indicators are mostly giving sell signals, but a slump towards the closest support is unlikely, as it is located rather far, namely around the 1.28 psychological area.
For the fourth consecutive day the share of bulls (52%) and bears (48%) remains unchanged. At the same time, the percentage of purchase orders slightly decreased, taking up 54% of the market.