FXstreet.com (Barcelona) - While USD/CAD is currently trading at 0.9946 near the top of the thin range the pair has been into for last week, range that “reflects a high level of uncertainty in the market at the moment, we feel,” Toronto based FX Research Team at TDS say, adding: “The technical bias here remains lower from a broader perspective, we feel.”

“We still rather think USD/CAD will ease back to the 0.97/0.98 range in the next few weeks before rebounding,” the analysts conclude.