USDCAD suggests a multi-month low is in play

Following poor jobs data from Canada and USDCAD’s most single bullish close in over 4-months, it suggests the tide may be about to turn. We highlighted the COTS positioning, and made the argument for a ‘sentiment extreme’ which if correct, meant too many traders were on the same side of the market…

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USDCAD suggests a multi-month low is in play

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