Most analysts believe the $1.17 area in dollar/Canada will not be revisited anytime soon. In fact, most favor a continuation of the recent uptrend, with targets around $1.27 over a three month horizon and $1.30 over a twelve-month horizon.
“I don’t expect us to retest $1.17 or even $1.20,” says Mazanec.
He points to $1.28 as his year-end target for the USD/CAD rate.
“I’d be buying dips in dollar/Canada,” he says.
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