USDCAD is looking bearish inside a downward channel and below the 200 and 100 SMA's. Besides that it sits neutral targeting the resistance at 1.26221. A move above should be taken by the market as bullish, but it stands below many technical resistance levels, so we must show caution if, we have to buy it. If, the price moves more to the downside and manage to break the last Daily low at 1.25261 then it may target the Daily support levels at 1.24492 - 1.22483.
Today the BOC will have its BoC Interest Rate Decision and I don't see any change in the number, but we have to be careful for any hawkish words from the BoC Monetary Policy Report and Statement.