8 Jan 2015
USD/CAD: buy dips, target 1.20 – Westpac
FXStreet (Barcelona) - Analysts at Westpac explain that the USD/CAD pair has not kept pace with the declining energy prices, and as such expects it to target 1.20 levels before the month is out.
Key Quotes
“USD/CAD may have come a long way (+5.5% in the last three months) but simple regressions suggest the pair has if anything not kept pace with the tumble in energy prices and the narrowing in short term yield spreads against CAD. Dips into 1.17 a good buy targeting a run at 1.20 before the month is out. “
Key Quotes
“USD/CAD may have come a long way (+5.5% in the last three months) but simple regressions suggest the pair has if anything not kept pace with the tumble in energy prices and the narrowing in short term yield spreads against CAD. Dips into 1.17 a good buy targeting a run at 1.20 before the month is out. “