Dollar Hints at Reversal Against Loonie
USDCAD - The ratio of long to short positions in the USDCAD stands at 8.42 as nearly 89% of traders are long. Yesterday, the ratio was at 9.81 as 91% of open positions were long. In detail, long positions are 1.4% higher than yesterday and 79.1% stronger since last week. Short positions are 18.1% higher than yesterday and 29.3% weaker since last week. Open interest is 2.9% stronger than yesterday and 162.2% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.