USD/CAD is skewed to the downside after the pair failed to break hourly resistance at 1.2917 (27/10/2017 high) even thought the pair is bouncing back. Expected to see further shortterm weakness.
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.