1 Jul 2015
Door open for further CAD weakness – TDS
FXStreet (Edinburgh) - Strategists at TD Securities expect the Canadian dollar to lose further ground in the upcoming months.
Key Quotes
“We have targeted 1.27 for Q3 and look for a breach of 1.30 into Q4”.
“We think it is very likely that we breach the 1.26 figure in the coming days (FV stands at 1.2585 today)”.
“Given the IMM data which has shown close to neutral positioning in CAD, we think that we could hit our Q3 target much sooner”.
“We also like betting on CAD weakness on the crosses with GBPCAD our preferred pair (we have liked this cross for some time and we think there is significant scope for additional upside over the coming months)”.
Key Quotes
“We have targeted 1.27 for Q3 and look for a breach of 1.30 into Q4”.
“We think it is very likely that we breach the 1.26 figure in the coming days (FV stands at 1.2585 today)”.
“Given the IMM data which has shown close to neutral positioning in CAD, we think that we could hit our Q3 target much sooner”.
“We also like betting on CAD weakness on the crosses with GBPCAD our preferred pair (we have liked this cross for some time and we think there is significant scope for additional upside over the coming months)”.