USDCAD, H4: USDCAD remain traded in a sideway channel following recent rebound from the support level 1.2275. However, MACD illustrate diminishing bearish momentum signal with the starting formation of golden cross suggest the pair to be traded higher towards the resistance level 1.2350.
Resistance level: 1.2350, 1.2420
Support level: 1.2275, 1.2185