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USD/CAD sell strength into 1.33 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In view of Richard Franulovich, Strategist at Rabobank, occasional upticks towards 1.33 remain selling opportunities.

    Key Quotes

    “While USD/CAD looks exceedingly cheap vis-a-vis energy prices, the latter retracing a reasonable part of its mid-Feb to mid-March gains while USD/CAD has barely bounced, USD/CAD should be sold into the BoC next week”.

    “Any short term strength into 1.33 should be sold”.
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