Price has a nice drop down and another level 1.2800 can be reached easy, nothing is stopping price to slow down. My target for this bear market was 1.2965 and any selling opportunity I will think twice. I do expect market to consolidate for few months between 1.2800 and 1.3500. Below 1.2800 next level would be 1.2000. Above 1.3500 market can easy go and test 1.4680.
This is my longer term view for USDCAD
This is my longer term view for USDCAD