USD/CAD has been trading in a relatively tight range during the past two weeks. 1.28 - 1.2810 is the range support and 1.29 - 1.2910 the resistance. A case could be made for continuation in either direction but largely depends on whether U.S. dollar can sustain its momentum. The longer the range lasts, the more orders accumulate on both sides and the stronger the breakout move, or so the theory goes.
