USDCAD continued its sideways movement in a trading range between 1.2814 and 1.2948. The key resistance is at 1.2948, a breakout of this level would confirm that the downside movement from 1.3124 had completed at 1.2814 already, then next target would be at 1.3000, followed by 1.3124. Support is at 1.2803, a breakdown below this level could trigger another fall towards 1.2650.
