The chart speaks for itself. Net specs are heavily net short the Canadian Dollar in the futures market which is a contrarian indicator. It could break higher but this market looks prime for a third wave down to 1.2400 in my view.
The chart speaks for itself. Net specs are heavily net short the Canadian Dollar in the futures market which is a contrarian indicator. It could break higher but this market looks prime for a third wave down to 1.2400 in my view.