#USDCAD @ 1.31791 : 1.32+ is the next topside level to watch – TDS
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
USD/CAD has neared the 1.32 level. In the view of economists at TD Securities, the loonie is starting to look more vulnerable as time passes.
“We think the CAD is starting to look more vulnerable as time passes. This is because the BoC will not be able to run alongside the Fed on the policy front. At some point, the music will eventually stop and poor debt ratios will catch-up with the consumer.”
“1.30 looks satisfactory in forming a new higher base and we think dip buying towards this level will be justified. 1.32+ is the next topside level we are watching.”
[/s2If]
Join Our Telegram Group
