The USD/CAD has been on a strong bullish trend at least since the June low of 1.2126. This medium-term looks like it will continue this week as the 4H chart shows a bullish breakout from a flag pattern. USD/CAD 4H Chart 7/13 (click to enlarge) As we can see in the 4H chart, price stayed above a rising trendline and above the 50-period simple moving average in the 4H chart. The RSI is also holding above 40 after tagging above 70. With price action piercing a 2-week consolidation pattern, the pair looks poised to continue higher, with the next key resistance being the 2015- high around 1.2834. USD/CAD Daily Chart 7/13(click to enlarge)When,we look at the daily chart, we can see that not only is the pair bullish since June, it has been bullish since May. Not only that, it was bullish heading into 2015. The bullish continuation implication seen in the 4H chart is part of the bullish implication in the daily chart, making the 1.2834 resistance a vulnerable once. We can be looking at 1.30 before the end of the year.