Is the Canadian Dollar going to weaken furtherThe CAD futures are indicating that it may correct into a weekly demand zone. If price retraces at that weekly demand zone there will be opportunities to trade the USDCAD shorts in the days to come.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The nearest expiration date for Micro CAD/USD Futures (Mar 2020) is Mar 17, 2020.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro CAD/USD Futures (Mar 2020) before Mar 17, 2020.