USD/CAD is in a retracement mode. We might see another drop from the POC zone.
The USD/CAD is going up as a part of a retracement. The price is still in downtrend. There should be a rejection from the zone once the price gets higher. 1.2847-57 is where sellers are expected. Targets are 1.2794, 1.2736 and 1.2690. Only if the market makes a bounce above 1.2876 we should see invalidation of this setup.
The Analysis has been done with the Black Widow system.