USD/CAD might push below 1.20, 1-3M view – TDS

FXStreet (Barcelona) - FXStrategists at TD Securities remain bearish on USD/CAD, anticipating a move below 1.20 over a 1-3M view.

Key Quotes

“Technically, this week is turning into another big rejection of the 1.28 area and we have just started what has been the worst month of the year for USDCAD fairly consistently over the past 15 years.”

“We remain bearish USDCAD on a 1-3 month view (potential for a push under 1.20) basis but fully expect the USD to rebound in H2.”