Being contained by 1.0265 resistance, USDCAD pulled back from 1.0222. However, the fall is treated as consolidation of uptrend from 0.9891, another rise towards 1.0400 is still possible after consolidation. Support is at 1.0100, only breakdown below this level could indicate that a cycle top has been formed at 1.0222 on 4-hour chart, then deeper decline to 1.0000-1.0050 area could be seen.

usdcad