USDCAD downtrend continues.
If you at the COT weekly report,you got this about 74% of whole orders are short(sell) and more than 25% of orders are long(buy).
It means most traders are sellers and not enough traders for buy.
So Demand for the Canadian dollar will increase and USD/CAD Will go down next week.
It means most traders are sellers and not enough traders for buy.
So Demand for the Canadian dollar will increase and USD/CAD Will go down next week.
Commentaire:
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