Less resistance is found to the upside as the price is nearer to the first weekly support than to the first weekly resistance. (Fibonacci S&R levels).
Fundamentally, a better than expected GDP figure and personal consumption expenditure (PCE) prices for the US tomorrow (25.11.14) may see the entry signal given. However, retail sales are due tomorrow as well for Canada and a better than expected figure may see the USD-CAD pair slide further.
Q3 annualized GDP for the US is expected to be 3.3% versus 3.5% in Q2, while retail sales for September for Canada are expected to grow 0.5%. PCE prices for the US are expected to show 2.3% quarterly growth.