The USD/CAD pair is anticipated to tick down to 1.42 due to stretched short-CAD positions, according to analysis from Danske Bank’s FX expert Jesper Fjärstedt. The ongoing dynamics surrounding Prime Minister Carney’s announcement of a snap election on April 28 have kept reactions muted so far. Currency traders are watching closely as political developments can significantly impact economic forecasts and trading patterns. Investors must stay alert to changing sentiments around short-CAD positioning. The outcome of the upcoming elections could alter market reactions and expectations significantly, making it vital for traders to monitor the situation closely.