USD/CAD Pair still brearish outlook, because 50,100 and 200 ema above the current price in H1, H4, D1 Time Frame. That's why we still looking for short positon on this pair. But, 1.2400 - 1.2470 level is strong support zone for this pair. If break this level, this pair going more down, which is 1.2200 / 1.1820 level. If did not break this strong support zone, then we see bounch from this level.
So, keep eye's on this pair and don't miss opportunity with use tight stoploss.