The USD/CAD pair strongly rose last week pushing steadily above psychological barrier 1.0000. The upside move might extend during this week towards 1.0150 - 1.0235 zone and the possibility of a bullish move remains valid unless 0.9920 - 0.9960 zone was broken. The trading range for this week is expected to be between key support around 0.9900 and key resistance around 1.0240.
Support: 1.0050, 1.0010, 0.9960, 0.9915, and 0.9830
Resistance: 1.0120, 1.0155, 1.0205, and 1.0270
Recommendation: Based on the charts and analysis above, the best opinion is watching the price action around 1.0150 where bullish momentum can fade away to take a low risk SELL entry.
Buying the pair is recommended above 0.9920 targeting 0.9970, 1.0120 then 1.0205 and SL as 4H closure below 0.9900.