USD/CAD: Remain N-Term Buyers Of Dips Near The Lows Around 1.2360 - TD



TD Research discusses USD/CAD outlook and notes that besides NAFTA, the focus for CAD this week sits on the data calendar. 
"CAD comes into the heavy data calendar trading rich to our HFFV estimates, leaning long on a few positioning indicators and lacking a sufficient risk premium in the case of a trigger of Article 2205.
The other concern this week is the heavy data calendar with CPI and retail sales later in the week," TD adds. 
"We remain near term buyers of dips in USDCAD near the lows around 1.2360," TD advises. 

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