USD/CAD: buy dips around 1.2200 – Westpac

FXStreet (Edinburgh) - Robert Franulovich, Strategist at Westpac, suggested buying the pair on pullbacks towards the 1.2200 handle.

Key Quotes

“USD/CAD would appear to have limited scope for further meaningful downside given the broad rangebound price action in energy prices, increasingly bullish atmospherics around the USD (Fed tightening/improving data trends)”.

“1.2200 looks like a decent level for fresh USD/CAD longs.