USDCAD stays in a trading range between 1.0138 and 1.0678. Lengthier sideways movement in the range is expected in a couple of weeks. Key resistance is at 1.0678, only rise above this level could indicate that the uptrend from 0.9930 has resumed, then long term target would be at 1.2000 area.
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.
