Support leves: 0.9980, 0.9930, 0.9821
Resitce levels: 1.0229, 1.0385, 1.0511
At a 4-hour graph, the USD/CAD pair successfully breached the resistance level of 1.0190. If the uprising movement continues, then the breakthrough of 1.0385 will denote that the rollback from 1.0680 is over and the further advance should be expected. The divergence on the MACD and RSI on a 4-hour chart confirms this viewpoint.
If the USD/CAD reverses and breaks through the support level of 0.9980, then the downside movement to 0.9930 with the next target to 0.9821 is expected.
In a midterm, the consolidation from 1.0855 is not over and one more low should be awaited. Nevertheless, if the reversal takes place, then the breakout of 1.0680 will confirm the end of the consolidation and that the downtrend from 1.3063 is breached. In this case, it is expected that the USD/CAD pair will move up to Fibonacci correctional level 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to Fibonacci correctional level 61.8 at 1.1866.