USD/CAD is trading near daily ichimoku cloud top (1.2414), decline till 1.2350 is expected

• RES 4: 1.2635
  
  
• RES 3: 1.2582 (200 day Hourly  EMA)         
• RES 2: 1.2520
  
  
• RES 1: 1.2474 (Kijun-Sen)  

      PRICE: 1.2424  @11:23 GMT 

• SUP 1: 1.2400
  
  
• SUP 2: 1.2380
  
  
• SUP 3: 1.2350 (Feb 3^rd Low)
  
  
• SUP 4: 1.23000

Commentary

USD/CAD is trading around 1.2427 and major support is around 1.2350 any break below that level will drag the pair further down till 1.2300/1.2200 (50% retracement of 1.1565 and 1.2835).

On the upside intraday bullishness can be seen only above 1.2490. It is good to sell on rallies around 1.2440 for the target of 1.2360 .