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25.03.2021, 15:58

USD/CAD: One of the better places to sell USD on a broader pullback - TD

eFXdata reports that analysts at TD Research like selling USD/CAD on rallies over the coming weeks.

"We look for the CAD to retain a supportive tailwind after the Bank of Canada outlined steps to unwind its extraordinary stimulus programs in the weeks ahead." 

"While we suspect overall USD direction is likely to dominate for a while longer, we think USDAD would be one of the better places to sell dollars if we do get a broader pullback in its latest rebound... We continue to target a move to 1.47 in EUR/CAD."

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