Canadian Dollar Forecast to Appreciate Against Greenback
USDCAD – The ratio of long to short positions in the USDCAD stands at 1.81 as nearly 64% of traders are long. Yesterday, the ratio was at 1.35 as 57% of open positions were long. In detail, long positions are 12.6% higher than yesterday and 16.8% stronger since last week. Short positions are 16.1% lower than yesterday and 0.1% stronger since last week. Open interest is 0.4% stronger than yesterday and 3.2% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
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