USDCAD stays in a ascending price channel on daily chart, implying that the pair remains in uptrend from 1.2968, and the fall from 1.3534 would possibly be correction of the uptrend. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 1.3800 area. Only a clear break below the channel support could signal completion of the uptrend.
