All last week USDCAD
was in a tight range of consolidation between 1.365-1.375 accumulating orders with stops below those 1.365 lows. Price swiped just below those lows and caught a bid off the 1.36 figure which signals buyers are still present. Further upside is expected on this pair with both technicals and fundamentals in alignment.
Imminent upside target is 1.3838