On the downside major support is 1.2350 and break below will target 1.2240/1.2205.
It is facing short term resistance around 1.2540 and any short term trend reversal only above that level. Break above will take the pair to 1.2600/1.2640.
Indicators (4 hour chart)
(50) – Sell
(14) - Sell
Recommendation: Sell USD/CAD around 1.2430, SL 1.2505, Targets 1.2355/1.2250.