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”.
