USD/CAD Is Bullish Again

USD/CAD had bounced off from 1.2750 after forming a spinning top candlestick on the daily time-frame at that level, but the retracement was quite short-lived. The pair could not break out below 1.2615 and after another spinning top at that level on the four-hour time-frame the pair is once again moving to the upside. It will likely test the resistance at 1.2730 and the last high at 1.2750 and if it breaks out above that level there will probably be a further move to the upside towards 1.2800 and above. On the other hand, if there is a breakout below 1.2615 the pair will probably continue falling towards 1.2600.