The USDCAD traded within a familiar range on Friday, hovering around the 1.25 mark following disappointing US GDP figures and a dearth of Canadian data.
The USDCAD bounced from a daily low of 1.2468. It would subsequently consolidate at 1.2510, advancing 0.2 percent. Initial support is located at 1.2418 and resistance at 1.2542. The short-term technical outlook is neutral, with the pair lacking directional bias at this point.