USDCAD remains vulnerable towards 1.2926/00 zone as it retains its pullback pressure. Support lies at the 1.2900 level where a break will aim at the 1.2850 level. Further down, support comes in at the 1.2800 level where a turn lower may occur. But if further weakness occurs support comes in at the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the up, resistance comes in at the 1.3000 level where a violation will target the 1.3050 level. Further up, resistance resides at the 1.3100 level and then the 1.3150 level. All in all, USDCAD looks to weaken further on correction.
