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 trend line support holds, the uptrend could be expected to continue and next target would be at 1.2916 previous high. On the downside, a clear break below the trend line could bring price to next support level at 1.2666. Below this level will indicate that the downtrend from 1.2916 has resumed, then next target would be at 1.2600, followed by 1.2433.
