AleksandrLombrozo

Do leveraged funds open a way for dovish CAD?

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
There are several factors for a CAD to lose positions against USD in the coming weeks:
- Look at COT report on the chart, which supports the idea of a weaker CAD. Since the end of July Leveraged funds obviously accumulated some more USD positions and remain in the bullish territory despite a downward trend.
- Bottomming USD index
- Bearish Oil mood which still did not have any influence on CAD

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