USDCAD already topped and is headed back down to the daily trend line (support) of the 1.2920 area. Since the top, the pair had a pullback to the resistance of the 1.3186 area and the 50% retracement and the resistance trend line, this is all confluence. Next, the 1.27 fib extension is near the zone of a support sot here is probable reason for another retracement...
