FXStreet reports that analysts at Credit Suisse discusses USD/CAD prospects.

“USD/CAD continued to move lower on Friday, with the market now testing the mid-February 2018 low at 1.2452. We still look for a more concerted effort to hold here into today’s close to maintain the choppy back and forward price action. However, a direct and closing break lower would instead suggest an acceleration of the core bear trend and see support next at 1.2402/00, then 1.2348/32, ahead of 1.2300.” 

“Beyond 1.2300, would see the potential uptrend from Main 2015 at 1.2277, just shy of the 2018 low at 1.2255, where we would expect to see a more concerted effort to hold.”