FXStreet (Edinburgh) - In opinion of Strategist at Westpac Richard Franulovich, dips in the pair could represent buying opportunities for a potential test of 1.50. Key Quotes “The economy looks like it has limped into year’s end in a very forlorn state”. “Upcoming GDP, retail sales and jobs data should spotlight ongoing recessionary conditions”. “USD/CAD looks very overdone to the topside and may be populated with a lot of “tourists” but dips are likely to be shallow and should be bought for a run at 1.50 into Q2 2016”. “Even the steady hand from the BoC saw only a small pullback in the pair relative to the run up over the month”. For more information, read our latest forex news.