Credit Agricole discussed its outlook for CAD in a recent note to clients, seeing scope for further correction against USD.
Credit Agricole explains:
Even though sentiment may remain in favour of buying the CAD against lower yields such as the EUR, CHF and JPY, positioning as it stands still argues for some caution. Even though the CAD is not yet trading in strongly overbought territory, corrective downside risk should be treated as high.
Having said that, we remain of the view that the currency should not be chased higher with underperformance against most of its commodity bloc peers likely to remain intact too.
Credit Agricole explains:
Even though sentiment may remain in favour of buying the CAD against lower yields such as the EUR, CHF and JPY, positioning as it stands still argues for some caution. Even though the CAD is not yet trading in strongly overbought territory, corrective downside risk should be treated as high.
Having said that, we remain of the view that the currency should not be chased higher with underperformance against most of its commodity bloc peers likely to remain intact too.
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。