FXstreet.com (Barcelona) - After be rejected by the 1.3020 important resistance and it falls around 210 pips from the 1.3064, 4 years high, to the 1.2854 in yesterday's American session, the USD/CAD has risen in the European morning to test the 1.2930 level.

Currently, the USD/CAD is trading around the 1.2900/10 band, after it failed to break the 1.2930 resistance. If the pair can't hold above the 1.2900 level, the USD/CAD will falls to the 1.2840/70 congested band and will focus towards to the 1.2800 support.

On the upside, if the pair could be above the 1.2900 level, the pair must think in the 1.2930 first and the 1.2965 on second time, before to launch a new attack to the 1.3020 resistance.