The USDCAD continued to slide on Wednesday, falling below 1.25 following dismal US durable goods orders.
The USDCAD tumbled 0.2 percent to 1.2479, bringing the 1.24 level back into play. Near-term support is located at 1.2431, followed by 1.2370. On the upside, initial resistance is likely found at 1.2551. While the short-term indicators for the USDCAD are showing downward momentum, the technical bias is flat.