USDCAD stays in a trading range between 1.0255 and 1.0394. Now the pair is facing 1.0255 support, a breakdown below this level could trigger another fall towards 1.0000 area. Key resistance is at 1.0394, a break above this level will confirm that a cycle bottom has been formed at 1.0255 already, then the following upward movement could bring price to 1.0550 area.

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