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US Dollar Likely to Strengthen versus Canadian Dollar

US Dollar Likely to Strengthen versus Canadian Dollar

2015-11-25 20:00:00
David Rodriguez, Head of Product
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US Dollar Likely to Strengthen versus Canadian Dollar

Why and how do we use the SSI in trading? View our video and download the free indicator here

USDCAD– Retail forex traders remain aggressively short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment keeps us focused on further USD/CAD gains.

And indeed until we see a substantive shift towards USD/CAD-buying we will continue to call for near-term strength.

See next currency section:SPX500 - S&P 500 Remains in Position to Rally

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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