USD/CAD: high conviction trade plan - Westpac

Analysts at Westpac explained that they have a high conviction trade on in USD/CAD.

Key Quotes:

"Buy USD/CAD into 1.2905, stop 1.2760. Oil prices may be resilient but our model and technical signals remain unrepentant and continue to signal a bearish story on CAD. Q2 growth shaping up to be a weak one thanks to the devastating wildfires."