#USDCAD @ 1.37306 : Topside extension to 1.38 should be in the offing – 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 looks set for further upside beyond 1.3700. Economists at TD Securities expect the pair to test the 1.38 level.
“1.37 is a key pivot level as it marks downtrend resistance from the October 13th highs.”
“A higher Fed terminal means the BoC has a bigger problem now; the risk is growing of a wider terminal rate differential with the Fed, which means greater risk of more damage to the interest rate sensitive sectors of the economy.”
“Short-term, a topside extension to 1.38+ should be in the offing as risk looks challenged here.”
[/s2If]
Join Our Telegram Group
