USDCAD traded in a range between 1.0224 and 1.0388 for several days. As long as 1.0388 resistance holds, another fall to 1.0150 area is still possible. However, a break above 1.0388 will indicate that cycle bottom has been formed at 1.0224 on 4-hour chart, then rise to 1.0450 could be seen.width=400