USD/CAD remains in the downtrend from 1.2920 and the bounce from 1.2248 is likely correction for the downtrend.

Another fall could be expected after the correction and a breakdown below 1.2248 support could take price to next support level at 1.2061.

Resistance is at 1.2688, only a breakout of this level could trigger another rise towards 1.2920.