USD/Canadian dollar (last 1.0139) is likely to consolidate this week as long as the pair stays above 0.9980, the five-month low set Thursday. The daily chart is mixed as the MACD indicator is bearish, but the stochastic measure has turned bullish at the oversold level. Resistance is at Tuesday's high of 1.0183; a breach would target the Oct. 8 high of 1.0227, and then the Oct. 5 high of 1.0272. An extension of the rise would target the 1.0361-1.0379 resistance band, marked by the Sept. 28 high and the Sept. 23 high, and then the Sept. 8 minor reaction high of 1.0509. But a fall below the 0.9980 support would reinstate the near-term negative outlook, targeting 0.9926, the April 21 trough. An extension of the fall would target 0.9816, the May 21, 2008 reaction low, and then 0.9708, the Feb. 28, 2008 reaction low. USD/CAD is likely to consolidate in the weeks ahead as long as the pair stays above 0.9926. A drop below this support would tilt the medium-term outlook toward negative, targeting 0.9708 -- below which would open the way down to the record low of 0.9065 set on Nov. 7, 2007.