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Further gains in CAD seem limited “ Westpac

11:23 31 March /2016 Forex

In opinion of Richard Franulovich, Strategist at Westpac, CAD could see its gains limited in the next weeks.

Key Quotes

œUSD/CAD seems set to test the key 1.2830 support level in coming days as Fed Chair Yellen™s dovish leaning speech continues to reverberate.

œBut, the case for meaningful broad CAD outperformance is weak - crude oil seems to have found a ceiling around $40/bbl while PM Trudeau™s pro growth budget is now priced-in and out of the way.

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