Back
4 May 2016
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”.
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”.