USD/CAD remains in the uptrend from 1.2247, the pullback from 1.3000 is likely consolidation for the uptrend. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could be expected to resumed, and another rise towards 1.3100 is still possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart

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