The USD/CAD is bearish now. The pair broke below 1.2900 and made a move towards 1.2800 last week. However, sellers have not regained the level so far and are struggling with the handle which is defended by the EMA200.. The resistance is at 1.2900, the support stands 1.2800
If sellers keep pressuring the immediate support the USD may continue its slide towards 1.2700.