From a technical and trading perspective the USD has formed a bearish monthly key reversal pattern, this portends further weakness ahead for the USD. THe USDCAD has tested the central tendency of the VWAP coinciding with the monthly pivot, this area met strong resistance Friday. Price posted a bearish key day reversal closing at the lows of the day , I am anticipating some consolidation as we head into the New York open today, if price breaches the 1.3130 support area I am expecting continued weakness, initially targeting 1.30 support and then on to test the equidistant swing objective at 1.2906