Housing Starts and Manufacturing Shipments were released in Canada and the US will publish TICS and NY Fed Empire State manufacturing index.
The pair is finding support at 1.24150 with resistance at 1.25090 which the weekly pivot point at 1.25460 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
The support level breakthrough may push the price down towards 1.23700; otherwise USDCAD will be consolidating below the pivot point.