The overall US Dollar/Canadian Dollar uptrend remains intact, but we see that the USD/CAD continues to fail at the 61.8 percent Fibonacci retracement of the 1.3015-1.1460 move at 1.2415. Inability to break said line suggests that we may see short-term USD/CAD weakness, and subsequent support comes in at the pair’s upward trend channel at approximately 1.2250. A break above 1.2415 would signal that a move towards previous highs at 1.3015 is more likely.