USDCAD is in consolidation to up trend. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart is still in favor. As long as 1.0410 support holds, we’d expect up trend to resume, and rise towards 1.1200 could be seen after consolidation.
For long term analysis, USDCAD is in bullish movement. Further rise towards 1.1400 to reach the next cycle top on monthly chart is now in favor.
