Flash: USD/CAD about to enter buy zone - TDS

FXStreet (Bali) - According to the FX Team at TD Securities, USDCAD is nearing the “buy zone”.

Key Quotes

"The short-term—corrective—trend in USDCAD is lower but, with key data reports from Canada over the next couple of weeks likely to come in on the soft side and the early March BoC policy meeting on the horizon, we think USDCAD is nearing the “buy zone”. The longer-term outlook remains bullish."