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Canadian Dollar May Appreciate Against USD

By David Rodriguez,
02 September 2010 13:14 GMT

ssi_usd-cad_body_Picture_10.png, Canadian Dollar May Appreciate Against USD

USDCAD The ratio of long to short positions in the USDCAD stands at 1.78 as nearly 64% of traders are long. Yesterday, the ratio was at 1.86 as 65% of open positions were long. In detail, long positions are 0.5% higher than yesterday and 18.6% stronger since last week. Short positions are 5.0% higher than yesterday and 26.2% weaker since last week. Open interest is 2.1% stronger than yesterday and 1.7% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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02 September 2010 13:14 GMT