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Goldman Sachs:

  • "We are initiating a trade recommendation to go long CAD versus an equally-weighted basket of AUD and JPY with a spot return target of 104 and a stop of 98"
  • "The trade target roughly translates to the following levels for the individual USD crosses: USD/CAD at 1.24, AUD/USD at 0.705, and USD/JPY at 118"
usdcad chart 14 January 2022