USDCAD moved sideways in a trading range between 1.2433 and 1.2598 and is now facing the key support level at 1.2433. A breakdown below this level will indicate that the uptrend had completed at 1.2598 already, then the pair will find next support level at 1.2300, followed by 1.2061. On the upside, a breakout of 1.2598 resistance will suggest that the uptrend has resumed, then the following upside movement could bring price to 1.2750 area.
