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22 Jun 2015
Buy the dips in USD/CAD – TDS
FXStreet (Edinburgh) - The FX Strategy Team at TD Securities considers dips in the pair as buying opportunities.
Key Quotes
“We still think last week’s price signals—especially the rejection of sub-1.22 levels—were positive for USDCAD so, along with a fairly “cheap” valuation signal, we are inclined to look for short-term opportunities to buy USDCAD or add to longs in the current environment”.
“We continue to believe strongly that H2 will be constructive for USDCAD, reflecting Fed lift-off, better growth in the US and some more challenging growth developments at home”.
Key Quotes
“We still think last week’s price signals—especially the rejection of sub-1.22 levels—were positive for USDCAD so, along with a fairly “cheap” valuation signal, we are inclined to look for short-term opportunities to buy USDCAD or add to longs in the current environment”.
“We continue to believe strongly that H2 will be constructive for USDCAD, reflecting Fed lift-off, better growth in the US and some more challenging growth developments at home”.