{video}USDCAD climbed as high as 1.3400 on Thursday after jumping out of the six-month old descending channel and overcoming a long-term ascending trendline that has been stubbornly acting as resistance over the past four weeks. The bullish move raised speculation that the bearish phase may have come to an end and it is time to change direction to the upside, though some barriers still need to be removed in the short-term for the rally to continue. The 23.6% Fibonacci of the 1.4667-1.2993 upleg and the upper surface of the Ichimoku cloud are currently restricting the price from moving higher around 1.3388. Should ... (full story)