USD/CAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed by 1.3124. Support is at 1.2803, only a breakdown below this level could trigger another fall towards 1.2650.

USDCAD 4-hour chart

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