USDCAD continues to rise inside the short-term impulse wave 3, which started earlier with the daily candlestick pattern Hammer from the support level 1.31000 (which stopped the previous short-term wave (a) at the start of October, as can be seen below) standing close to the lower daily Bollinger band. Given strength of the aforementioned support level 1.3100 and the mild USD bullishness seen today, USDCAD is likely to extend the gains toward the next resistance level 1.32600 (top of wave (b) from the start of October).