GBP/USD: Break Of 1.32 Opens The Way For 1.3520 – TD

The pound reached the highest levels since July, almost touching 1.33. Can it continue higher? The New Zealand dollar is also on a roll.

Here is their view, courtesy of eFXdata:

TD Research discusses its tactical views on GBP/USD, AUD/CAD, and NZD/USD/

“Brexit headlines have kept GBP’s price action choppy, though the framework for a deal looks likely. The break of 1.32 opens up a path to the 200dma near 1.3520, though this is not a one-way street.

CAD has benefited from the reduction in the global risk premium, though we see more value in staying long AUDCAD towards 0.96.

NZDUSD should test 0.68 in short order,” TD argues.

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