USD/CAD: Open interest climbs

USD/CAD: Open interest climbs

USDCAD OUTLOOK: Slightly bearish, approach with caution until confirmed
CAD has seen a massive improvement recently and non-commecials continue to increase, incidentally it has become positive for the first time since February 2013. The strength indicator backs this up and open interest has climbed this week which might help support the developing trend.
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Weekly Change Non-Commercial Longs Price Change Open Interest
JPY 12,537 -25 8,223
CAD 8,015 -91 8,245
GBP 6,661 70 1,542
AUD 5,416 31 12,920
CHF -1,888 -55 1,622
EUR -3,273 63 244
By John Adam
John Adam was one of the Invezz Founding Partners & Lead Editor's up until 2017. John has an unmatched breadth and depth of experience in all things investing, and we wish him the best in his pastures new.

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