USDCAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2782 (Oct 1 low). As long as the price is in the channel, the fall from 1.3317 could be treated as consolidation for the uptrend and another rise to 1.3400 area is possible after the consolidation. Only a breakdown below the channel support could signal completion of the uptrend.
