USDCAD remains in uptrend from 1.0182 (Sep 19 low), the price action from 1.0707 could be treated as consolidation of the uptrend. Deeper decline would likely be seen in a couple of days, and the target would be at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and another rise towards 1.1000 is still possible. Only a clear break below the channel support could signal completion of the uptrend.
