USDCAD is now in uptrend from 1.3264, the fall from 1.3409 is likely correction of the uptrend. Further rise is possible in a couple of days and next target would be at 1.3500 area. Support is at 1.3264, only break below this level will indicate that the downtrend from 1.3535 has resumed, then the following downward movement could bring price to 1.3100 zone.
