USDCAD stayed in a trading range between 1.0561 and 1.0737 for several days. The price action in the range is likely consolidation of the uptrend from 1.0182 (Sept 19, 2013 low). As long as 1.0561 support holds, the uptrend could be expected to resume, and one more rise towards 1.1000 is still possible after consolidation. On the downside, a breakdown below 1.0561 support will signal completion of the uptrend, then the following downward movement could bring price back to 1.0400 zone.
