USDCAD currency pair under the bullish pressure after the price broke above the key resistance level 1.29000 (the previous multi-month high from March). The breakout of the resistance level 1.29000 accelerated the active impulse waves (iii) and C of wave (2) from the start of April. Given the strong US dollar bullish sentiment that can be seen across the FX markets today -USDCAD currency pair can be expected to rise further toward the next resistance levels 1.29650 (December high) and 1.30000. (target for the end of wave (2)).