FXStreet reports that Standard Chartered discusses USD/CAD prospects.

“Leveraging US economic growth, an expansive Canadian budget and an increasingly hawkish BoC are CAD-positives. Exiting current lockdowns and improving nationwide vaccination rates should be the next catalysts for the pair.” 

“We expect a challenge and a likely break of the March low at 1.2360 and a decline towards the 2017-2018 lows at 1.2060.”