USD/CAD: Overbought but seen sideways into year end – Rabobank

Rabobank’s FX Strategy team observes that CAD net shorts have risen again after a recent collapse. USD/CAD has continued to grind higher, gaining 2.77% from recent lows to 1.414, with the 14‑day RSI indicating overbought conditions. Rabobank expects a short‑lived pullback but ultimately sees USD/CAD trading sideways between 1.41 and 1.42 through year end.

Sideways Dollar-Loonie view into year end

"CAD net shorts have picked up again, after collapsing the prior two weeks."

"USD/CAD continues to grind higher, up 2.77% from recent lows to 1.414."

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"The 14D RSI suggests USD/CAD is currently overbought, so we may see a short-lived reversal in the near term."

"Rabobank sees USD/CAD trading sideways between 1.41 and 1.42 through year end."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

РЫНОЧНЫЕ КОТИРОВКИ

Название / Символ
График
% Изменение / Цена
GBPUSD
Изменение за 1 д.
-0.63%
1.33437
EURUSD
Изменение за 1 д.
-0.48%
1.11648
USDJPY
Изменение за 1 д.
+0.37%
158.759
AUDUSD
Изменение за 1 д.
-0.65%
0.68676