USDCAD is now facing 1.2700 support, a breakdown below this level could signal resumption of the short-term downtrend from 1.2916, then next target would be at the bullish trend line on the daily chart.

Near-term resistance is at 1.2820, a break of this level could trigger another rise towards 1.2916 previous high. Above here could signal resumption of the uptrend from 1.2061 (Sep 8 low), then next target would be at 1.3100 area.