USD/CAD dropped a little today because is still under massive selling pressure, but most likely will find a strong support in the upcoming days and will start a rebound. Technically, we should have a bounce back on the short term after the massive drop.
Price extends the sell-off as the USDX could slide further, could approach and reach the 1.2460 major static support, where he may find strong support again. A failure to reach the lower median line (lml) will signal an oversold, this situation will send the rate much higher in the upcoming period.
