Retracement expected on $USDCAD
Thursday FX Option Expiries
USD/CAD: 1.3800 (786.8m), 1.3600 (678.7m), 1.3810 (543.lm)
We have a lot of selling power on the Non-Commercial Side of the latest COT report
Long 21,640 Sell 70,179
CHANGES FROM 10/10/23
Long 1,298 Sell 3,348
I therefore expect a slight move upwards in between 1.37 and 1.38 before going back to 1.36 and keep on the current bull run.
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