TD Research argues that the current primary drivers of USD/CAD slide are more technical than fundamental.
In that regard, TD thinks that the impact of the Fed meeting saw USD/CAD break a couple of key levels and pushing it close to its fair value target, according to TD HFFV model.
"The next key level to watch is the mid-point of last month’s trading range near 1.3250," TD notes.
Source: TD Securities ResearchOriginal Article
