USD/CAD falls below the September 2016 lows
USD/CAD is in freefall. The September 2016 low of 1.2764 just broke and that triggered another run on stops through 1.2750.
Naturally, it's oversold but at times like this that doesn't matter. The BOC is talking about an extended run of rate hikes and the market was completely unprepared.
It's not going to be in a straight line, but I think 1.25 is coming.