FXstreet.com (Barcelona) - The Dollar is rallying strongly against its Canadian counterpart threatening to break above the top line of the triangle pattern it has been trading for the last weeks; 1.2635/60 is the area to watch, once above that level, buying pressure could increase to drive USD to levels close to 1.30.

The Dollar is on an attempt to break a major resistance area between 12635/60, on its rally from 1.24 15, once past the mentioned resistance area, Juan 21 high at 1.2770 would come into focus before launching an attack to four-year high at 1.3000.