Analysts at Westpac first recommended the trade last Tuesday
Currency strategists at Westpac from 1.3238 last week and they’re out with an update.
argued for USD/CAD longs
"USD/CAD’s uptrend may have stalled in the last month but by the same token, and perhaps tellingly, CAD has failed to capitalise on what has been a notable bounce in energy prices," they write.
