USD/CAD sell the strength towards 1.33 – Westpac

By FXStreet Strategists at Westpac have recommended selling USD/CAD on strength towards the 1.3300 handle.

Key Quotes

“Use strength into 1.33 as an opportunity to sell USD/CAD. Resilient oil prices fairly value USD/CAD nearer 1.25”.

“The less adventurous may went to sell AUD/CAD instead, the substantial outperformance in oil prices against iron ore raising risks of a break below 0.90 in this cross”.

“Short and medium term signals point to USD/CAD to continue higher towards 1.3370”.
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Source:: FX Street