USDCAD has been consolidating under the 1.3317/1.3331 (November 6/October 1, 2015 highs). momentum indicators suggest scope remains for further upside. A break above the area would resume strength towards 1.3456 (September 29, 2015 peak). Above would extend the broad uptrend towards 1.3585 (March 2004 monthly high) and possibly 1.3818 (June 2004 monthly high). The 1.3191 area (November 4, 2015 high) should hold dips. A deeper than expected retreat would expose 1.3037 (November 3, 2015 low) near the 6-month rising uptrend support.