Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Mar 13 - 01:24 AM
USD/CAD: To Struggle Back Above 1.30; 1.32 Break 'Serious' Challenge - BTMU
First appeared on eFXplus on Mar 12 - 08:00 PM

BTMU Research discusses USD/CAD outlook, and notes that that its valuation model based on the higher price of oil alone suggests that USD/CAD should currently be trading closer to the 1.2000-level rather than the 1.3000-level.

"At the current juncture, we still expect NAFTA talks to make further progress this year although acknowledge that the risk of an unfavourable outcome has increased.

In these circumstances, we still believe that USD/CAD will struggle to sustain levels back above the 1.3000 while the US dollar continues to weaken more broadly, BTMU argues. 

"Our bearish outlook for USD/CAD would be more seriously challenged by a breach of the 1.3200-level, which represents the next important technical resistance level beyond 1.3000," BTMU adds. 

BTMU Research


  • eFXplus
  • End-user license agreement (EULA)


  • About Us
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer