The Bank of Canada is expected to announce at least a 50 bp cut in its overnight rate at 9:00 am EST with hopes for a 75 bp cut on the rise after Friday’s dreadful employment report. 1.2685/90 is first resistance in USD/CAD with congestion up to about 1.2750 on the charts. 1.2975/1.3005 is huge resistance should USD/CAD take flight.