USDCAD currency pair recently reversed up from the key support level 1.25150 (which has been reversing the price since the start of January), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.25150 is in the process of forming the weekly Bullish Engulfing pattern. Given the strength of the support level 1.25150 and the widespread Canadian dollar bearishness seen across the currency markets today, USDCAD currency pair can be expected to rise further toward the next resistance level 1.28000.