• USD/CAD: Break below 1.33 to set up a test of the 2023 lows around 1.3260 – TDS

Notícias do Mercado

8 junho 2023

USD/CAD: Break below 1.33 to set up a test of the 2023 lows around 1.3260 – TDS

The BoC resumed tightening with another 25 bps rate hike in June. Economists at TD Securities analyze USD/CAD outlook after the surprising decision.

USD/CAD needs to move lower to reprice the hike

The Bank of Canada surprised markets with a 25 bps rate hike. While the market was pricing in around a 50/50 chance of a hike, USD/CAD needs to move lower to reprice the hike. 

We continue to see a break below 1.33 as a path of least resistance, setting up a test of the 2023 lows around 1.3260.

 

O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: