USDCAD remains in range trading between 1.1464 and 1.3015. Further pullback could be seen to 1.1600 level next week. Initial resistance is at 1.2070 and followed by 1.2394, and near term support is at 1.1464 level.
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.
