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USD/CAD points to further gains – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In the view of Richard Franulovich, Strategist at Westpac, the pair remains well poised to advance further in the medium term.

    Key Quotes

    “Interest levels in USD/CAD have eased back with the pair hemmed in a rough 1.28 to 1.34 range for the better part of the last 3 ½ months”.

    “A more sustained push higher though appears to be just a matter of time, with China’s economy still listing badly and Fed lift-off almost certain to commence mid-December, the fundamental atmospherics remain thoroughly bullish USD/CAD”.
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