USDCAD rebounds from 1.1464 level. Further rise towards 1.2500 zone could be seen next week. The price action from 1.3015 is treated as consolidation to long term up trend, and trading in a range between 1.1464 and 1.3015 would more likely be seen in next several weeks.
For long term analysis, USDCAD remains in bullish movement. Further rise towards 1.4000 to reach the next cycle top on monthly chart is possible.
