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USD/CAD buy the dips towards 1.32 – Westpac

FXStreet (Edinburgh) - In the view of Strategist at Westpac Richard Franulovich, occasional pullbacks in the pair remain buying opportunities.

Key Quotes

“USD/CAD move higher showing some signs of fatigue but the fundamental atmospherics remain bullish USD/CAD prospects”.

“China’s economy is still listing badly and ongoing weakness in key metals suggests markets continue to underestimate ongoing slowdown risk there”.

“Closer to home, the 70% probability given to Dec Fed-lift-off seems to overstate the odds that a calamity will veer the Fed off course from what is a near certain inaugural hike. USD/CAD a buy into the low 1.32s”.

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