The USDCAD is trading in an up-and-down trading pattern today. In the process, the price tested a support target at the 50% midpoint of the move up from the mid-September low. That level was also the low price going back to last Friday. The subsequent bounce saw the price move up to test a key swing area between 1.3968 and 1.3975. Tha area also capped the high in the Asian-Pacific session.

So buyers and sellers have defined the trading range and the battle is on.

To see the key levels and what traders are facing right, now, watch the short video above.