[B]USD[/B][B]/CAD Ratio: 2.09
[/B][B]Signal: Bearish[/B]
[B]Currency[/B] [B]Last Week[/B] [B]Present*[/B] [B]% Long[/B] [B]% Change in Positions Outstanding[/B] [B]Signal[/B] USD/CAD 2.27 [B]2.09[/B] 68% 2.26% Bearish
[B]USDCAD - [/B]The ratio of long to short positions in the USDCAD stands at 2.09 as nearly 68% of traders are long. Yesterday, the ratio was at 2.00 as 67% of open positions were long. In detail, long positions are 2.7% lower than yesterday and 2.0% weaker since last week. Short positions are 6.8% lower than yesterday and 11.5% stronger since last week. Open interest is 4.1% weaker than yesterday and 0.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.