Citigroup increases the short position on the U.S. / Canada

Citigroup stepped up its short position in a pair of U.S. / Canada, opened May 1, after the fall of the dollar by 1% and closing at a minimal level since last November. According to bank analysts, the U.S. currency Breaks 200-day moving average, was "horizontal support and can now try to overcome the key support level at 1.1465. Breakthrough below will show the increase in upward momentum the Canadian dollar. In this case, a potential target can be a level of parity. In September 2007, the Canadian dollar reached parity with its neighbor across the continent for the first time in three decades, however, for the year has lost 18%.