Neutral
Citi exits USD/CAD short position, citing Fed miscalculation; pair near 1.3990.
In the past 24 hours, Citi closed its short position on USD/CAD, acknowledging an earlier misjudgment regarding the Federal Reserve's stance. This decision aligns with the pair's recent upward movement, trading close to 1.3990. Technical analysis indicates a bullish trend, with the pair approaching the top trendline of an ascending channel around 1.3970.
Key points
- Citi closes USD/CAD short position, admits Fed miscalculation.
- USD/CAD approaches 1.3970, near ascending channel top.
Sources
AI-generated from public news sources. Not financial advice.
