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US Dollar Likely to Strengthen versus Canadian Dollar

DailyFX.com -

US Dollar Likely to Strengthen versus Canadian Dollar
US Dollar Likely to Strengthen versus Canadian Dollar

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USDCAD– Retail forex traders remain aggressively short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment keeps us focused on further USD/CAD gains.

And indeed until we see a substantive shift towards USD/CAD-buying we will continue to call for near-term strength.

See next currency section:SPX500 - S&P 500 Remains in Position to Rally

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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original source

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