USDCAD currency pair recently reversed up from the support area lying between the key support level 1.24000 and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star – which started the active minor impulse wave (i). With the strengthening bearish Canadian dollar sentiment seen across the FX markets today – USDCAD currency pair can be expected to rise further in the active impulse wave (i) toward the next resistance level 1.25800 (former support from the start of March).