USDCAD remains in the uptrend from 1.2450. A clear break below the trend line support would indicate that the upside movement had completed at 1.3000 already, then deeper decline to 1.2700 area could be seen.
USDCAD remains in the uptrend from 1.2450. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 1.3000 could be treated as consolidation for the uptrend, and another rise towards 1.3100 could be expected after the consolidation. On the downside, a clear break below the trend line support would indicate that the upside movement had completed at 1.3000 already, then deeper decline to 1.2700 area could be seen.
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