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Thomson Reuters
Jun 28 - 11:00 AM
USD/CAD: Ample Room To Buy Dips Into 1.3150 - TD
First appeared on eFXplus on Jun 28 - 09:09 AM

TD Research discusses USD/CAD outlook and looks to buy on further dips into 1.3150.

"The loonie sits at the whims of the dollar and risk appetite. USDCAD is sitting comfortably at HFFV, which leaves room for it to run in either direction ahead of the data.

We continue to like the prospects of a relief rally that pushes USDCAD lower towards 1.3150 that leaves ample room to buy into the dips (or trigger a knock-in) as the #badforcad meme is here to stay regardless of a July hike," TD argues. 

TD Bank Research/Market Commentary


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