USD/CAD Sell Strength into 1.33 – Westpac
In view of Richard Franulovich, Strategist at Rabobank, occasional upticks towards 1.33 remain selling opportunities.
Key Quotes
“While
USD/CAD looks exceedingly cheap vis-a-vis energy prices, the latter
retracing a reasonable part of its mid-Feb to mid-March gains while
USD/CAD has barely bounced, USD/CAD should be sold into the BoC next week”.
“Any short term strength into 1.33 should be sold”.
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