The USD/CAD pair is consolidating in the bullish corrective phase. The buyers look too thin to hold and may be dominated by the sellers again.
The pair stays within the bearish flag pattern and is on the verge of a bearish breakout. The 100-day moving average could hamper the path of bears. The 200-day SMA also points higher, showing signs of continued consolidation.
Fundamentally, the key event for the week ahead is the US jobs report and the Canadian employment data.
Key levels for USD/CAD