Support levels: 1.0076, 0.9980, 0.9930
Resistance levels: 1.0385, 1.0511, 1.0680
At 4-hour graph the USD/CAD moves upward to the resistance level of 1.0385. A breakthrough of this mark will mean that the rollback from 1.0680 is finished and further advance is expectable. The MACD and RSI divergence on a 4-hour chart comes in favor of this situation.
If the USD/CAD reverses and breaches the support level of 1.0076, then the decline to 0.9980 with the next target at 0.9930 is expected.
In a midterm, the consolidation from 1.0855 has not been finished yet another low should be awaited. Nevertheless, in case of the reversal, the breakout of 1.0680 will confirm the end of the consolidation as well as that the downside movement from 1.3063 is broken through. In this case, it is expected that the USD/CAD will move up to Fibonacci correction level 38.2 from 1.3063 to 0.9929 at 1.1126 with the next target to Fibonacci correction level 61.8 at 1.1866.