Economists at Credit Suisse look to fade any ensuing USD/CAD rally, with the January 2018 low of 1.2251 being an attractive entry point for USD/CAD shorts, aiming for 1.1920. Fundamentally constructive on the loonie “We fundamentally remain constructive on CAD, as we continue to view the currency as uniquely supported by a combination of strong internal and external demand, buoyant terms of trade and a fairly hawkish central bank.” “while we see value in pointing to what might cause near-term consolidation, we are also of the view that rallies in USDCAD towards 1.2250 should be sold, with a target of 1.1920 (15 May 2015 low).” “If this and next week’s events surprise instead in a constructive direction (e.g. CPI data print well above consensus, or Governor Macklem explicitly pushes back against questions on CAD strength), the possibility of a breach below 1.1920 in USD/CAD becomes more pressing in our view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD set to hit new highs as inflation could already be well in dollar’s price FX Street 2 years Economists at Credit Suisse look to fade any ensuing USD/CAD rally, with the January 2018 low of 1.2251 being an attractive entry point for USD/CAD shorts, aiming for 1.1920. Fundamentally constructive on the loonie "We fundamentally remain constructive on CAD, as we continue to view the currency as uniquely supported by a combination of strong internal and external demand, buoyant terms of trade and a fairly hawkish central bank." "while we see value in pointing to what might cause near-term consolidation, we are also of the view that rallies in USDCAD towards 1.2250 should be sold, with a target of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
