There are no major economic reports in the US and Canada.
The pair is finding support at 1.26660 with resistance at 1.27560 which the weekly pivot point at 1.27070 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving above level 50, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
USDCAD is growing up but the resistance line seems too strong to be violated. Pullbacks can be expected afterwards.