USDCAD extended its upside movement from 1.2248 to as high as 1.2757. Further rally is still possible next week and a break of 1.2757 resistance could take price to test 1.2920 resistance. Support level is at 1.2450. A breakdown below this level would suggest that the downtrend from 1.2920 has resumed, then next target would be at 1.2248, followed by 1.2061.
