USDCAD stays within a upward price channel on 4-hour chart, indicating that the price action from 1.0707 is consolidation of the uptrend from 1.0182 (Sep 19 low). As long as the channel support holds, the uptrend could be expected to resume, and another rise towards 1.1000 is still possible. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 1.0737 already, then the following downward movement could bring price to 1.0500 zone.
