TD trade of the week: Buy USD/CAD

Author: Adam Button | Category: News

Canadian bank with a Canadian dollar trade idea

Canadian bank with a Canadian dollar trade idea
Consider buying USD/CAD this week, advises TD Research in its weekly FX pick.

They recommend buying at current levels (1.2763) with a target of 1.3000 and a stop at 1.2625.

"Dovish BOC risks fit into our framework that CAD and other risks assets have overpriced the still-evolving growth narrative... The implication is another retest around 1.30," they note.


For bank trade ideas, check out eFX Plus
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