Resistance looms at the new USD/CAD 2021 low circa 1.2459...

Resistance looms at the new USD/CAD 2021 low circa 1.2459 and then 1.2450 may be protected by 1.7 bn expiries extending to 1.2440. However, if the support region gives way later in todays session, we will see a bear run towards highlighted support and finally into new lows within the weekly downtrend.

1.2250 is the significant new downside target upon a clear breakout and close of the base.