USDCAD, H4: USDCAD remain traded in a sideway channel following recent retracement from the resistance level 1.2685. MACD which illustrate bearish momentum signal suggest the pair to extend its retracement in short term towards the support level 1.2585.
Resistance level: 1.2685, 1.2770
Support level: 1.2585, 1.2510