CANADIAN DOLLAR FORECAST TO BREAK BELOW NARROW RANGE
USDCAD - The ratio of long to short positions in the USDCAD stands at 2.57 as nearly 72% of traders are long. Yesterday, the ratio was at 2.19 as 69% of open positions were long. In detail, long positions are 9.1% higher than yesterday and 32.5% stronger since last week. Short positions are 7.2% lower than yesterday and 2.4% stronger since last week. Open interest is 4.0% stronger than yesterday and 145.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
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