USDCAD is forming a triangle pattern on daily chart and is now facing the lower boundary of the pattern. A clear break below the pattern could trigger another fall to 1.0000 area. On the other side, rebound from the lower boundary is possible next week, a break above 1.0400 could signal further rally towards the upper boundary of the pattern.
For long term analysis, USDCAD formed a cycle top at 1.0852 level on weekly chart. Rang trading between 0.9930 and 1.0852 would more likely be seen in next several weeks.
