USD/CAD has been rallying since September. The daily chart shows its rising channel.USD/CAD Daily Chart(click to enlarge)Support:- The daily chart shows that price is right near a rising channel support.- I think there could still be some more downside and the overall picture would still look bullish.- For example, around 1.26 is another key level - a previous resistance pivot and where the 100-day simple moving average resides. - Still, even as price approaches 1.27 we can start anticipating support.