[B]USDCAD – [/B]Our sentiment-based forex trading strategies remain aggressively short the US Dollar against the Canadian Dollar, as heavily one-sided trader positioning signals further losses are likely. The ratio of long to short positions in the USDCAD stands at 3.24 as nearly 76% of traders are long. In detail, long positions are 2.2% higher than yesterday and 2.2% stronger since last week. Short positions are 1.3% higher than yesterday and 7.6% stronger since last week. Traders have remained heavily short the USDCAD as it has fallen over 800 pips from recent peaks. It will be critical to watch whether the pair can break significant lows near 1.0800, but our short-term bias remains bearish on forex sentiment.