USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this level will indicate that the downside movement from 1.3793 had completed at 1.2413 already, then the following upside movement could bring price back towards 1.3500.
