USDCAD, H4: USDCAD remain traded in a sideway channel following recent rebound form the support level 1.2585. However, MACD which illustrate bullish momentum signal with the formation of golden cross suggest the pair to extend its rebound towards the resistance level 1.2675.
Resistance level: 1.2675, 1.2770
Support level: 1.2585, 1.2515