USDCAD currency pair recently reversed down sharply with the weekly Japanese candlesticks reversal pattern Shooting Star from the key resistance level 1.32000, intersecting with the upper resistance trendline
of the weekly up channel from last year and standing far beyond the upper weekly Bollinger Band. Given the continuation of the bullish Canadian dollar sentiment that can be seen across the FX markets today, USDCAD currency pair can then be expected to fall further toward the next support level 1.29340.