FXStreet (Edinburgh) - In the view of Eric Theoret, Currency Strategist at Scotiabank, the outlook for the pair remains range-bound in the short-term. Key Quotes “USDCAD has yet to break out of its range from December 18th, as it consolidates around 1.3900 just above its 9 day MA (1.3859)”. “Momentum signals are conflicted and trend indicators are muted”. “We await a meaningful break of either 1.3800 or 1.4000. Longer-term signals are broadly bullish”. For more information, read our latest forex news.