1.4000 holds for now, as market awaits the confirmation of a deal between the top oil producers, Terence Wu, an FX strategist at OCBC Bank informs.
Key quotes
“Price movement from the crude complex suggest positivity.”
“Prefer a sell on rallies posture for the USD/CAD, barring any mishaps on the OPEC+ front.”
“Initial target on the downside at 1.3814, before 1.3643 (55-day MA).”
Share
