Trading at 1.1231 in the New York session, the USDCAD major currency pair is currently testing the 1.1227 (50 hMA) resistance ceiling. Momentum indicators are suggestive of a break above with plenty of bids till the 1.1253 (100 hMA) in the near term. Stochastic is showing a golden cross formation as the convergence in MACD is rising higher. However, with a break above the pivotal 1.1250 figure, gains may be capped ahead of the 1.1293 (200 hMA) in the near term as barriers remain supported. Comparative downside looks to be capped by the 1.1200 psychological level in the near term.