USDCAD bounced strongly from 1.2623 and broke above 1.2750 resistance. Further rise would likely be seen in the coming days and next target would be at 1.2916.
A breakout of this level will indicate that the uptrend from 1.2061 (Sep 8 low) has resumed, then next target would be at 1.3100 area.
Support levels are at 1.2720 and 1.2623, only break below these levels could trigger another fall towards 1.2400.
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