USDCAD broke above 1.0272 key resistance, suggesting that a cycle bottom had been formed at 1.0107 level on 4-hour chart, and the fall from 1.0585 had completed. Further rally would more likely be seen in a couple of days and next target would be at 1.0394 resistance. Key support is at 1.0107, only fall below this level could take price back to 1.0000 area.

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