USDCAD recently reversed up from the key support level 1.3200 (former resistance from the end of October). The upward reversal from this support level started the (c)-wave of the active ABC correction 2 from the major support level 1.3030. Give the rising Canadian dollar bearishness seen across the markets – USDCAD is likely to remain under the bullish pressure and to rise toward the next resistance level 1,3350 (monthly high from October and the target price for the completion of the active ABC correction 2).