FXStreet (Edinburgh) - Currency Strategist at Scotiabank Eric Theoret noted the bullish tone of the pair in the near term. Key Quotes “USDCAD has made a decisive break of its prior multi-week range and is now flirting with 1.4100 at fresh-multi year highs”. “We note that there are few significant resistance levels ahead of 1.4500 (middle chart). Support is expected around 1.3950”. For more information, read our latest forex news.