• Sep 04 - Canadian Dollar Forecast to Rally Against US Dollar
• Sep 02 - Canadian Dollar Forecast to Rally Against US Dollar
• Aug 21 - Canadian Dollar Forecast to Rally Against US Dollar
• Aug 14 - Canadian Dollar Traders Perfectly Predict USDCAD Breakout, Pullback
• Aug 11 - Canadian Dollar Traders Perfectly Predict USDCAD Breakout
• Jul 17 - Positioning In USDCAD The Most Bullish Since May Reversal
• Aug 01 - Retail Sentiment In USDCAD Raises The Probability Of A Long-Awaited Break
• Jul 11 - Long USDCAD Bias Most Extreme Since Market Tumble Through May
• Jul 03 - Retailers Hold Their USDCAD Longs As The Pair Falls Back Into Its Range
• Jun 26 - Positive Interest Among Retail Traders Solidifies USDCAD Range
• Jun 19 - Retail USDCAD Traders Reverse Positions Quickly After Range Call
• Jun 12 - USDCAD SSI Flips For The First Time In A Year And A Half
• Jun 05 - USDCAD Rally Leads Retailers To Increase Shorts 94% In A Week
• May 29 - USDCAD Positioning The Most Extreme Since The October Reversal
• May 22 - Retail USDCAD Traders Confident Range Conditions Will Hold
• May 15 - Long USDCAD Interest At 76%, 1.00 Support May Be Tested
• May 08 - Range Still Rules USDCAD, SSI Direction Remains Weak
• May 01 - Steady Advance Tests USDCAD Range And Positioning
• Apr 24 - USDCAD Positioning Little Changed As Range Holds
• Apr 17 - Broad Range Settles USDCAD Positioning

USDCAD – Unlike most of the other dollar denominated majors, USDCAD is not threatening any major technical levels with its recent price action. However, the presence of parity has certainly generated trading activity among the retail group. This past week, volatility in the greenback drove the pair down to test the frequent 1.0000 level; and while direction has been relatively absent, positioning has actually developed to a relative extreme. With spot testing six week lows, the bias in positioning has reached equivalent highs. This week the ratio rose to 2.83 as 74% of the retail sector is now looking for a rebound. Putting this level into perspective, this is just another step in a steady shift to a positioning extreme following last week’s 2.13 reading and 1.79 figure the period before that. In detail, longs have been relatively inactive, increasing their positions only 0.1% since yesterday but rising 9.3% from last Thursday. From the other side of the trade, shorts were unchanged from Wednesday but 9.4% weaker than last week’s levels. Overall, open interest grew 7.0% since last Thursday and is 4.8% above the monthly average.