USDCAD has retreated from the one-year range top, offering better risk-to-reward setups for both buyers and sellers. Buyers may target 1.3620, while sellers aim for 1.3225. On the 4-hour chart, a bearish setup has formed with a downward trendline and 21-EMA, suggesting a drop to 1.3620. The 1-hour chart aligns with the bearish outlook, with Fibonacci levels supporting the downtrend. Key economic data releases this week include US Flash PMIs, Canadian Retail Sales, US Jobless Claims, and US PCE report.