USDCAD drops as BOC take a brighter view

Nothing major in the headlines but the CAD is liking the tone from the BOC

USDCAD dropped to 1.3355 after the announcement. There's nothing there that's overly hawkish and the BOC want to wait until the Canadian budget before making any real assumptions.

USDCAD H1 chart

1.3370 was an area of support and the break there brings 1.3330/35 and then 1.3315 into play.

Beware the oil inventory data next as that might be another big mover for the loonie