USDCAD: ready to 27.50

  • CAD fundamentals sound and firms are optimistic (even before USMCA deal) given the latest BoC survey.
  • Given Higher USOIL prices will push a solid ground to prevent downside risks.
  • USDCAD will remain sensible and volatility will work in our favor.
  • These factors will move CAD key rate higher.
  • Institutional consensus is USD flat since all rates are priced and no new inflation data surprise is expected.
Fundamental AnalysisSupport and ResistanceUSDCAD

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