USDCAD broke below 1.2803 support, suggesting that the upside movement from 1.2248 had completed at 1.3124 already. Further decline would likely be seen over the next several weeks and next target would be at 1.2650, followed by 1.2350. Resistance levels are at 1.2950 and 1.3124, only break above these levels could trigger another rise towards 1.3500.
