Morgan Stanley: USD/CAD targets 1.1300
Morgan Stanley went long on USD/CAD on Sep. 19 from 1.0950, with a take profit at 1.1300 and a stop loss at 1.0900.
In their view, the increasing US yields will drive USD/CAD broadly higher. A move above 1.1035 gave a fresh bullish signal, analysts note.
USD/CAD consolidates around 1.1075 on Wednesday.
Chart. Daily USD/CAD