No changed in our view, USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, deeper decline towards 0.9406 could be seen after breaking below this level. Resistance is at 1.0009, only break above this level could trigger another rise towards 1.0200 zone.
For long term analysis, USDCAD is in consolidation of downtrend from 1.0852. Sideways movement in a range between 0.9406 and 1.0200 would likely be seen.
