USD/CAD extended its upside movement from 1.2248 to as high as 1.3100. As long as the price is above the bullish trend line on the daily chart, the bullish move could be expected to continue and next target would be at 1.3200 area.

The key support is at 1.2803, only a breakdown below this level could signal completion of the uptrend.

USDCAD daily chart

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