USDCAD stays in a trading range between 1.0055 and 1.0265

USDCAD stays in a trading range between 1.0055 and 1.0265. The price action in the range is treated as consolidation of uptrend from 0.9891. As long as 1.0055 key support holds, another rise towards 1.0400 is still possible, and a break above 1.0265 could signal resumption of uptrend. On the downside, a breakdown below 1.0055 will indicate that the rise from 0.9891 had completed at 1.0265 already, then the following downward move could bring price to 0.9600 zone.

FX_Trdr