6 May 2015
USD/CAD dips remain a buy – TDS
FXStreet (Barcelona) - FX Strategists at TD Securities, remain constructive on the outlook for GBP/USD over the medium-term, and further suggest buying the dips of the pair.
Key Quotes
“We remain constructive on the outlook for USDCAD from a medium-term point of view and we also think that USD longs are warranted from a short-term perspective based on expectations for a rebound to respectable job growth in the US versus weaker Canadian employment data Friday. USDCAD dips to 1.20 or a little below remain a buy.”
“FV for USDCAD by our measure has turned a little higher today (1.2126) and technical pointers suggest a bid for the USD emerging in the low 1.20 area again.”
Key Quotes
“We remain constructive on the outlook for USDCAD from a medium-term point of view and we also think that USD longs are warranted from a short-term perspective based on expectations for a rebound to respectable job growth in the US versus weaker Canadian employment data Friday. USDCAD dips to 1.20 or a little below remain a buy.”
“FV for USDCAD by our measure has turned a little higher today (1.2126) and technical pointers suggest a bid for the USD emerging in the low 1.20 area again.”