USDCAD’s upside movement from 1.2061 extended to as high as 1.2636. Further rise is still possible and next target would be at 1.2778 (Aug 15 high). Support levels are at 1.2530 and 1.2433, only break below these levels could confirm that the upside movement is complete, then the following bearish move could bring price back to 1.2300 area.
