At the moment, the pair is trading around the monthly R2 and weekly R1 and it is still on a strong up-trend. Moreover, the majority of the 4H and weekly technical studies are still bullish, meaning that the current advance could be extended. An overwhelming majority of the SWFX market participants have opened a long positions on the pair, namely 73% of them. The USD/CAD cross is likely to test the weekly R2 that is located near the pattern's resistance at 1.1719.