USD/CAD remains weak but is slowly reaching the 1.2520 (17/01/2018 high) resistance. Hourly support is given at 1.2370 (17/02/2018 low). Further resistance is given at 1.2589 (01/01/2018). Expected to show short-term gains.
In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). New support point is identified at 1.2101 (17/04/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pairs is trading below 200 DMA.
 resistance. Hourly support is given at 1.2370 (17/02/2018 low). Further resistance is given at 1.2589 (01/01/2018). Expected to show short-term gains.){kind=link}