Longer term, if the USDCAD is breaking higher in an impulse as a terminal thrust from a triangle (that had been underway since October), then price needs to remain above 1.2348. The USDCAD has held the 61.8% of 1.2348-1.3068 at 1.2618, which is reinforced by a short term support line. Bullish evidence warrants action.
