A further advance on the part of the US dollar longs will most likely see the pair retreat toward the 1.1800, a level defended by the January 19 daily high at 1.1797. A further break to the upside will most likely see the US dollar traders target the Canadian dollar offers around 1.1893, a level defended by the 38.2 Fib of the 1.2733-1.1373 CAD rally, which also acts as a gateway toward the psychologically important 1.2000 handle. Indicators are mixed with positive momentum indicator diverging from negative MACD, while neutral oscillators give either side enough room to maneuver.