[Calxy]

USD/CAD – Consolidation remains, though the market has shifted to higher range above the mid 1.24 area (we now see short term support at 1.2445/55) and while 60 and 240 minute oscillator signals suggest the market may struggle to do much better than 1.2540/50 intraday, risks likely remain skewed to the upside in the next week or so. Above 1.2445, there is scope for a push up to the 1.2700 area.