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USD/CAD looks bullish medium term – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Richard Franulovich, Strategist at Westpac, still sees the outlook on USD/CAD as bullish.

    Key Quotes

    “With a soft USD backdrop likely to extend into year’s end as Fed liftoff is pushed into 2016 and news out of China incrementally turning less bad, we stick with a more constructive stance on CAD near term, targeting 1.27- 1.28”.

    “However, we maintain a bullish medium term bias on USD/CAD giving the ongoing structural issues, both supply and demand, that are likely to suppress energy prices for sometime yet”,
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