Buying USD/CAD at 1.2607 / stop at 1.2455 - Westpac

FXStreet (Guatemala) - Analysts at Westpac Banking corporation explained that the buy USD/CAD at 1.2607 with a stop at 1.2455.

Key Quotes:

"Another BoC rate cut on 4 March is almost fully priced in (80% probability) but we expect a very cautious tone to their statement and for markets to continue to flirt with the possibility of additional easing beyond March."

"That should keep USD/CAD on track for 1.30 on a 3 month horizon even if energy prices stabilise."