USD/CAD extended its upside movement from 1.2247 to as high as 1.2614, breaking above 1.2590 resistance. Near-term support is at 1.2489. As long as this level holds, the uptrend could be expected to continue and next target would be at 1.2700 area. On the downside, a breakdown below 1.2489 support would indicate that corrective consolidation for the uptrend is underway, then deeper decline to 1.2400 area could be seen.