USDCAD downtrend continues.
Updated
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.
Note
* look at
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.