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Canadian Dollar Forecast to Gain Further
Friday, 18 September 2009 15:14:27 GMT  |  David Rodriguez, Quantitative Strategist
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USDCAD - The ratio of long to short positions in the USDCAD stands at 2.92 as nearly 74% of traders are long. Yesterday, the ratio was at 3.53 as 78% of open positions were long. In detail, long positions are 19.8% lower than yesterday and 5.1% stronger since last week. Short positions are 3.1% lower than yesterday and 4.0% weaker since last week. Open interest is 16.1% weaker than yesterday and 1.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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