USD/CAD is failing to break hourly resistance at 1.2917 (27/10/2017 high) and is now declining. The pair is heading lower.
In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head further lower.
