USD/CAD’s decline extend to as low as 1.2544 last week but formed a temporary low there, drawing support from 61.8% retracement of 1.2246 to 1.3124 at 1.2581. Initial bias is neutral this week for some consolidations. But upside of recovery should be limited below 1.2814 support turned resistance to bring another fall. Below 1.2544 will target 1.2061/2246 support zone.