USD/CAD sell strength into 1.33 – Westpac

In view of Richard Franulovich, Strategist at Rabobank, occasional upticks towards 1.33 remain selling opportunities.

Key Quotes

“While USD/CAD looks exceedingly cheap vis-a-vis energy prices, the latter retracing a reasonable part of its mid-Feb to mid-March gains while USD/CAD has barely bounced, USD/CAD should be sold into the BoC next week”.

“Any short term strength into 1.33 should be sold”.