As per our previous analysis of USDCAD currency pair, we expected the currency pair to appreciate in this week from 1.2500 levels after a short correction. But unfortunately the currency pair didn’t given us an opportunity to buy at 1.2500 levels and taken support from 1.2621 levels. And the currency pair started appreciating from that level. Anyone who has bought the currency pair at 1.2621 levels would have gained some pips. Currently as per the observed moves of the USDCAD, we are expecting it to further appreciate to its next resistance levels of 1.2999 and may start correcting from those levels. Price breaking above 1.3000 levels may trigger further buying pressure for USDCAD and can drag the currency pair to 1.3205 levels.