USDCAD stays above a rising trend line on its 4-hour chart and remains in a short-term uptrend from 1.2061. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2455.

Near-term support is at 1.2210, followed by the trend line on the 4-hour chart, only a clear break below the trend line support could trigger another fall towards 1.1800.