The pound reached the highest levels since July, almost touching 1.33. Can it continue higher? The New Zealand dollar is also on a roll.
Here is their view, courtesy of eFXdata:
TD Research discusses its tactical views on GBP/USD, AUD/CAD, and NZD/USD/
“Brexit headlines have kept GBP’s price action choppy, though the framework for a deal looks likely. The break of 1.32 opens up a path to the 200dma near 1.3520, though this is not a one-way street.
CAD has benefited from the reduction in the global risk premium, though we see more value in staying long AUDCAD towards 0.96.
NZDUSD should test 0.68 in short order,” TD argues.
For lots more FX trades from major banks, sign up to eFXplus
By signing up for eFXplus via the link above, you are directly supporting Forex Crunch.