USD/CAD sticks to the bullish bias – TDS

FXStreet (Edinburgh) - Strategists at TD Securities have reiterated their bullish view on the pair in the medium term.

Key Quotes

“We cannot say with a high degree of conviction to be long USDCAD at this point with what is going on in China and risk of PBoC intervention (to sell USDs to prevent too rapid of an adjustment...too late for that?), but for now the market looks to be somewhat calmer and USD caught a bid overnight”.

“We remain bullish USDCAD over the medium-term and enter today’s US retail sales report with a bias to see USDCAD trade higher”.