USDCAD is facing 1.3540 resistance. A break of this level will indicate that the bearish movement from 1.3793 had completed at 1.3387 already, then the following bullish movement could bring price towards 1.3800. On the downside, as long as the pair is below 1.3540 resistance, the bounce from 1.3387 could be treated as consolidation of the downtrend and another fall towards 1.3200 is still possible after the consolidation.
