USDCAD’s upside movement from 1.2856 extended to as high as 1.3381. Near term support is at 1.3200, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3450 area. On the downside, a breakdown below 1.3200 support could bring the price back to next support level at 1.3100, followed by 1.3060.
