USDCAD remains in downtrend from 1.0422, and the fall extends to as low as 0.9926. Further decline is still possible next week, and next target would be at 0.9800 area. Resistance is now at 1.0070, only break above this level could signal completion of the downtrend.
For long term analysis, USDCAD is in correction of uptrend from 0.9406, further rise to 1.1500 would likely be seen after consolidation.
