OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CAD well supported at 1.28/1.29 – TDS

FXStreet (Edinburgh) - According to strategists at TD Securities, pullbacks in the pair should be well contained around the 1.28/1.29 area.

Key Quotes

“We remain medium-term bears on the CAD as persistent weakness is required to offset Canada's competitive disadvantage”.

“While USDCAD is at fresh highs, rate spreads point to some tactical downside risk but 1.28/1.29 (post-July BoC levels) should act as a durable floor”.

“We like AUDCAD higher as the two economies are in different stages of the ToT shock and spreads suggest the pair should be trading closer to 0.98”.

USD/CAD perspective remains bullish – Scotiabank

Eric Theoret, Currency Strategist at Scotiabank, sees the outlook on the pair tilted to the bullish side...
Read more Previous

USD/JPY retreats and drops back below 121.00

USD/JPY dropped 75 pips from daily highs and fell back below 121.00 after the beginning of trading in Wall Street. The pair earlier climbed to 121.22, reaching the highest level since September 10 after the release of US GDP data but then reversed and fell below the level it had before the report.
Read more Next
Start livechat