10 Jun 2015
Pullbacks in USD/CAD should be buying opportunities – TDS
FXStreet (Edinburgh) - Strategists at TD Securities suggested that retracements in USD/CAD could very well be good chances to go long the USD.
Key Quotes
“We’ve had to check our bullishness on the USD outlook temporarily but we will look to re-establish USD longs in the next few weeks as we firmly believe the USD rally will extend into the latter part of the year”.
“For USD buyers who thought they had missed out locking in levels near 1.21/1.22, the slide in the USD provides an opportunity to get long USD’s at decent levels”.
Key Quotes
“We’ve had to check our bullishness on the USD outlook temporarily but we will look to re-establish USD longs in the next few weeks as we firmly believe the USD rally will extend into the latter part of the year”.
“For USD buyers who thought they had missed out locking in levels near 1.21/1.22, the slide in the USD provides an opportunity to get long USD’s at decent levels”.