The Loonie has faced an upward trend, which reflects the decline of the Canadian dollar against the rise of the US dollar. In addition, the reason behind this rise is the negative data released by Statistics Canada about the GDP (MoM) that has decreased than the expected data by 0.3%, which shows contraction in the Canadian economic activity. Therefore, the pair is expected to continue its upward trend and breach the first resistance line 1.2383 to reach the second resistance line 1.2385 then the third resistance line 1.2392, on the other hand, if the pair falls, it will break the first support line 1.237 to reach the second support line 1.2354 then the third support line 1.2344