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🎩 $USDCAD Sleight of Hand? Follow the CFTC Footprints

📊 Market Breakdown

Last week’s big drop came after price consolidated — during that time, long positions dropped from 147K ➡️ 135K. 👀

Since December, we’ve seen consistent profit-taking on longs, not short-driven action. 🏦💰

📉 Banks trimming longs = lower odds for fresh longs — which is why we waited for a momentum shift from the monthly demand zone... but it never happened. No shift = ❌ no trade.

Now, it’s looking like that monthly demand zone may break, opening the door for potential short setups. 🚪🔻

📈 Worth noting: All-time max size is 219K, but we’re still well below that after a strong move from the monthly supply.

⚠️ Plus — the 6-month supply zone has been removed. Big shifts could be coming. Stay sharp. ⚔️



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