The USDCAD market posture is negative. The slide back through 1.2711 the 5th of May low leaves trade positioned to continue attacking under 1.2676. A close under 1.2676 projects to 1.2580. Any near term rebounds will find resistance at 1.2783. A close over 1.2831 (SAR) is needed to recapture bottoming / bullish trade action.