USDCAD: Range Trading persist

There seems to be a bit of a growing consensus in the client base for a CAD catch up trade to the likes of EUR, AUD, NZD.

don’t see the fundamental argument to be bullish Canada but I am bearish the USD and technically a move below 1.3200 would be significant and should spark momentum selling.

1.2960/00 would be a reasonable target for shorts, with resistance likely to come in back towards 1.3335/50.