USDCAD continues to rise inside the sharp upward impulse wave which started earlier from the support zone lying between the key support level 1.39000 (low of the previous corrective wave (a)), lower daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp upward impulse from last December. Given the strengthening bearish sentiment affecting Canadian dollar at the moment – USDCAD is likely to rise further toward the next resistance levels 1.42000 (previous weeks high) – followed by the resistance level 1.43000 (which reversed wave (b)).