Canadian Dollar Gains May Slow or Reverse
USDCAD – Forex retail trading crowds remain their least short US Dollar (ticker: USDOLLAR) versus the Canadian Dollar since the USDCAD first crossed above the CS$1.00 mark. We unabashedly called for important USDCAD gains as crowds sold into rallies. Yet short positions are unchanged since last week while long interest has risen.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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