USDCAD stays in a upward price channel on 4-hour chart and remains in uptrend from 1.3009. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3250 area. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price back to test 1.2968 support.
