USDCAD currency pair recently reversed down with the clearly formed daily Shooting Star from the resistance area located between the multi-month resistance level 1.28600 (which has been reversing the price from December), upper daily and weekly Bollinger Band and the 61.8% Fibonacci correction of the extended downward price impulse from the middle of last year. Given the prevailing downtrend and the strongly bullish CAD sentiment – USDCAD currency pair can be expected to fall further toward the next support level 1.26000 (former resistance from the end of July).