Long USD/CAD, target 1.30 – Westpac

FXStreet (Barcelona) - The Westpac Team maintains their long USD/CAD position, targeting 1.30 levels on a 1-3m horizon.

Key Quotes

“We continue to hold long USD/CAD opened at 1.2506. New lows in key energy prices, soggy growth updates out of China and likely further firming in June 2015 Fed lift off odds should be enough to keep USD/CAD well supported. 1.30 on 1-3 month horizon very achievable.”