• USD/CAD back near recent highs. Last week’s hold above 1.4140 pivot keeps tone constructive

• Price action consoliating now after the unwind of the NFP-led dip to 1.4151

• Near-term range defined at 1.4140-1.4250

• Bias to range trade into U.S. CPI (Jul 14), breakout needed to shift stance

• Light data calendar near-term reinforces range dynamics
USD/CAD hourly


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))