USDCAD consolidated in a range between 1.1818 and 1.2394 for two weeks. Deeper decline towards 1.1600 level would more likely be seen next week, and a break down below 1.1818 will confirm such case.
For long term analysis, USDCAD remains in bullish movement, and the fall from 1.3015 is treated as consolidation to long term up trend. Further rise towards 1.4000 to reach the next cycle top on monthly chart is possible.
