• USD/CAD looks to have found a short-term floor at the 100-week MA (1.3948)

• After a 3-week drop from 1.4300 to 1.3950, it is natural for a bout of consolidation

• Upcoming event risk from US midterms to US/CA jobs data keeps conviction low

• This is also underscored by the tepid rebounds in the pair so far

• Last week's high at 1.4068 marks initial resistance and the 100-day MA at 1.4049

• Support zone at 1.3920-67, below here, opens up the 200-day MA at 1.3892
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Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))