eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
Aug 18 - 05:55 AM
–
USD/CAD - Weighed By Massive Betting On A Rise, Approaches Key Downside Levels
By Jeremy Boulton — Aug 18 - 04:02 AM
• Traders betting in excess of $12 billion on CAD dropping
• USD/CAD has sunk from 1.4248 in July to 1.3845 in August
• The 200-DMA is 1.3848
• A 61.8% retrace of May-Jul 1.3550-1.4248 rise is 1.3817
• Bearish signal when 21-DMA fell below 55-DMA on Aug 10
•
USDCAD
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters