USDCAD is approaching the trend line of the channel H4

FX:USDCAD   U.S. Dollar / Canadian Dollar
The setup shows a potential rebound on the H4 ascending channel support. Being ambitious we can expect a come back on 1.2980-1.30.
A breakout of these levels could lead the pair until 1.3150-1.32 where we can identify the downtrend line in daily.
A breakdown of the support of the ascending channel around 1.2750 would lead USDCAD to 1.2620
December: +85 pips
November: -325 pips
October: 1765 pips

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