USD/CAD: Sell the Upticks to 1.29/1.30 – Westpac

USD/CAD: Sell the Upticks to 1.29/1.30 – Westpac

4 May 2016, 11:11
Roberto Jacobs
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USD/CAD: Sell the Upticks to 1.29/1.30 – Westpac

Strategists at Westpac have recommended selling the pair on strength into the 1.29/1.30 band.

Key Quotes

“Near term outlook more neutral but a better seller into 1.29-1.30 if seen”.

“A slightly diminished terms of trade shock thank to higher oil prices along with fiscal stimulus suggest H2 should see some upside growth surprises”.

USD/CAD has kept sliding and no signs that it stops now. Testing the top of the downward channel though trend signals all pointing to the pair lower”.


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