USDCAD is moving slowly due to the thanksgiving celebration.
The pair is finding support at 1.29660 with resistance at 1.30300 which both lines are below the weekly pivot point at 1.30890. 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 falling towards oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. 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 horizontal trend.
The support level breakthrough will pave the way for further decline towards 1.29300; otherwise, USDCAD will be fluctuating within the support and resistance lines.
