Strategist at TD Securities Mazen Issa has argued the area of 1.3360/1.3400 could represent buying opportunities. Key Quotes “From a technical point of view the daily RSI and stochastic indicators are approaching oversold territory”. “The 1.3360/1.3400 region is a key zone that should act as a significant attractor for dip buyers we think”. “We think the washout in positioning in recent weeks offers greater scope for cleaner push higher in USDCAD towards the 1.38/40 region. We view a dip towards 1.3230 as a key reassessment level”. For more information, read our latest forex news.