USDCAD formed a cycle top at 1.0727 on daily chart. Pullback to 1.0260 1.0350 area to reach next cycle bottom is expected. Key resistance is at 1.0727, rise above this level could signal resumption of up trend, and then further rally towards 1.1500 level is expected to follow.
For long term analysis, USDCAD might be forming a cycle top at 1.0727 on weekly chart. Long term key support is at 0.9818, a break below this level will signal further decline towards 0.9056 (Nov 2007 low).
