Everything in the BOC statement argues to sell, technical nearing support zone.
USD/CAD is on the defensive after the Bank of Canada decision. The BOC removed any hint that they're planning to cut rates again and the overall tone was significantly more upbeat than expected.
USD/CAD flows can be slow to materialize and I like the downside here, and much more if 1.2400/1.2350 gives way. The immediate term risk is oil with EIA supply data out at the bottom of the hour so traders might want to wait for that to pass before putting on a trade but oil also looks to be breaking out.
