USDCAD remains in uptrend from 1.1803, the fall from 1.2797 is likely consolidation o f the uptrend. Range trading between 1.2380 and 1.2797 could be seen in a couple of days. Support is at 1.2380, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.3000 is still possible.
![usdcad chart](https://www.forexcycle.com/wp-content/uploads/2015/20150203_USDCAD_1.png)