USDCAD made a good progression till it showed us Head and Shoulders formation till MAY and it touched its Fibbo %61.8 band. And touched trough 1.25 band and its one of the MAJOR Resistances for USDCAD. It will show us where to go now. 1st it can test the trend line which tried couple times before and rejected. It might see 1.2440band as we see fibbo %-27 band. 2nd idea about it takes long term position. USDCAD might test trend and breaks down first. After its bounce it might change its way to long and test fibbo 0 band where it came before 1.2640 band.