USD/CAD ratio: 1.08
Trading Forecast: Bearish

USDCAD – Forex positioning gives relatively little bias on the Canadian dollar, as open interest is substantially below its longer-term average. The ratio of long to short positions in the USDCAD stands at 1.07 as nearly 52% of traders are long. Yesterday, the ratio was at 1.28 as 56% of open positions were long. In detail, long positions are 3.0% lower than yesterday and 22.8% stronger since last week. Short positions are 16.1% higher than yesterday and 2.3% stronger since last week. Open interest is 5.3% stronger than yesterday but 41.5% below its monthly average. Tell us and other traders what you think in our forex forum.