Following are expected trading ranges and outlook for USD/CAD today:

USD/CAD - to trade in higher range as markets await Bank of Canada interest rate announcement due at 1400 GMT: central bank expected to keep its key overnight rate steady at 1%. USD/CAD underpinned by increased risk aversion, softer commodity & oil prices (Nymex crude last down 39 cents at $100.60/bbl on Globex).

Other data: 1330 GMT Canada October building permits, 1500 GMT Canada November Ivey PMI.

USD/CAD daily chart mixed as MACD in bearish mode; but stochastics turning bullish near oversold; inside-day-range pattern completed yesterday.

Resistance at 1.0193-1.0197 band (yesterday's high-Friday's high), then at 1.0223 (Thursday's high) and 1.0270 (hourly chart); breach would expose upside to 1.0363 (Nov. 29 high), then 1.0468 (Nov. 28 high), 1.0523 (Nov. 25 high) and 1.0571 (Oct. 5 high).

Support at 1.0118 (yesterday's low), then at 1.0076-1.0073 band (Friday's low-Nov. 8 low); breach would target 1.0052 (Nov. 3 low), then 1.0023 (100-day moving average), 0.9970 (Nov. 1 low) and 0.9888 (Oct. 27 swing low).