Being contained by 0.9979 support, USDCAD rebounded to as high as 1.0093 level, suggesting that a cycle bottom is being formed on 4-hour chart. Range trading between 0.9979 and 1.0150 would more likely be seen in a couple of days. Key support is at 0.9979, only break below this level could trigger another fall towards 0.9500 zone.
