USDCAD’s bounce from 1.2061 extended to as high as 1.2630. Further rise to test 1.2778 resistance is possible next week. Above this level could indicate that the downtrend from 1.3793 had completed at 1.2061 already, then next target would be at support-turned-resistance level of 1.2968. Near term support is at 1.2433, only a breakdown below this level could take price back towards 1.2061.
