USD/CAD fell 50 pips on Friday
USD/CAD has been a one-way trade to 1.25 from 1.35 but the bulk of that was the market getting long and getting caught off guard by the Bank of Canada.
There's still plenty of room for specs to drive USD/CAD lower (and CAD higher more broadly). That said, the pair is facing some solid support levels just below.
I spoke with Reuters about the loonie on Friday.
