USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
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.
