Canadian Dollar Forecast Calls for Pullbacks
USDCAD – The ratio of long to short positions in the USDCAD stands at -1.08 as nearly 52% of traders are short. Yesterday, the ratio was at -1.17 as 54% of open positions were short. In detail, long positions are 2.3% lower than yesterday and 20.5% weaker since last week. Short positions are 9.7% lower than yesterday and 1.6% weaker since last week. Open interest is 6.3% weaker than yesterday and 7.0% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.
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