USD/CAD is pausing following recent decline from 1.2819 high, breaking hourly support at 1.2732 (27/02/2018) and approaching new hourly support given at 1.2668 (26/02/2018 low). Hourly resistance at 1.3308 (23/06/2017 high) is distanced. The short-term technical structure suggests short-term sideways trading moves.
In the longer term, the pair is trading between resistance point at 1.3805 (05/05/2017 high) and support at 1.2128 (18/06/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pair is trading above its 200 DMA.