Canadian Dollar Forecast Unclear Against US Dollar
USD/CAD Ratio: -1.02
Signal: Bullish

USDCAD – The ratio of long to short positions in the USDCAD stands at 1.07 as nearly 52% of traders are
long. Yesterday, the ratio was at -1.05 as 51% of open positions were
short. In detail, long positions are 1.7% higher than yesterday and
50.6% weaker since last week. Short positions are 8.9% lower than
yesterday and 11.1% stronger since last week. Open interest is 3.7%
weaker than yesterday and 56.7% below its monthly average. The SSI is a
contrarian indicator and signals more USDCAD losses.
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