USDCAD is facing the support of the bottom trend line of the price channel on the daily chart. A clear break out of the channel support will indicate that the upside movement from 1.2968 had completed at 1.3793 already, then the pair will find support at around 1.3200. On the upside, as long as the channel support holds, the fall from 1.3793 would possibly be consolidation of the uptrend and another rise towards 1.4000 is still possible after the consolidation.
