USD/CAD continues to improve as can be seen by the bullish move above minor resistance at 1.2949. Hourly support can be located at 1.2621 (23/02/2018 low). Next resistance can be found at 1.3125 (19/03/2017 high). The technical structure suggests short-term upward 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.