USDCAD moved sideways in a narrow range between 1.1000 and 1.1077. Resistance is at 1.1077, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.1278, one more fall to 1.0950 area is still possible. On the upside, a break above 1.1077 resistance will indicate that the downtrend had completed at 1.1000 already, then the following upward movement could bring price to 1.1500 zone.
