Bank of America Merrill Lynch says to buy USD/CAD at current levels with a stop at 1.0825 and a target of 1.1666.
It’s been awhile since I’ve seen such a succession of analyst calls on the same side of the market. Take that however you like.
The latest move higher in USD/CAD hit 1.0949 and is the highest since Oct 2009 but has stalled ahead of a rumored barrier at 1.0950.