USDCAD is forming a sideways consolidation in a range between 1.0561 and 1.0737. Key support is at 1.0561, as long as this level holds, the uptrend from 1.0182 (Sept 19, 2013 low) could be expected to resume, and another rise towards 1.1000 is still possible. On the downside, a breakdown below 1.0561 support will indicate that the uptrend from 1.0182 had completed at 1.0737 already, then the following downward movement could bring price back to 1.0400 zone.
