USDCAD keeps on moving sideways in a range between 0.9977 and 1.0378. The sideways movement is expected to continue next week and bounce to 1.0200 area would likely be seen. Support is at 0.9977, below this level will trigger another fall to 0.9700-0.9800 area.
For long term analysis, USDCAD may be forming a cycle bottom at 0.9977 level on weekly chart. Key resistance is at 1.0378, a break above this level will confirm the cycle bottom.
