USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2666. As long as the price is above the trend line, the upside movement could be expected to continue and a breakout of 1.2819 resistance could take price towards 1.2916 previous high. Near term support is at trend line, below the trend line support could bring price back to test 1.2666 support. Breakthrough there would aim 1.2433.
