USDCAD is now facing 1.2700 support, a breakdown below this level could signal resumption of the short term downtrend from 1.2916, then next target would be at the bullish trend line on the daily chart. Near term resistance is at 1.2820, a break of this level could trigger another rise towards 1.2916 previous high. Above here could signal resumption of the uptrend from 1.2061 (Sep 8 low), then next target would be at 1.3100 area.
