USD/CAD reached 1.2900 today. Unless it forms a triple top at that level and pulls back from it I think the pair will continue rising to 1.3000 - 1.3040.
If you look at the D1 time frame you'll see it's actually a triple top. A pullback from it was always a possibility. I think the pair will depreciate back to 1.2700.
Not only did USD/CAD depreciate to 1.2700 it fell below it to the support at 1.2670. I think that now there are two possible scenarios - the pair will either rebound from 1.2670 and start rallying, or there will be a breakout and a drop to 1.2600.
In the short term. I assume that the price will go down to 1.27638 point. However, it is likely that the price will continue to move upward to the point of 1.29045 and possibly later higher.