FXstreet.com (Barcelona)- The USD/CAD has broken support level at 1.2550 after various attempts in previous days, setting focus on 1.2650 on its rally from 1.2430.
The US/CAD has been trading into an upward triangle pattern whose upside limit is likely to attack, if 1.250 level holds. The area between 1.2630/50 marks the upper limit of the triangle pattern; rupture of that level would add buying pressure to the pair to attempt to break major resistance level at 1.30. (Highest level reached in Oct 28, Nov 20and Dec 5.)
On the downside, first support level remains at 1.2460, 1.2330, and below there 1.2150.