USD/CAD continues to move higher. Strong support is now located at a distance 1.2062 (08/09/2017 low). Resistance given at 1.2390 (20/09/2017 high) has been broken. Expected to show continued short-term bullish pressures.
In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head further lower.