USDCAD breaks below 1.0784 previous low. Deeper decline is still possible to 1.0400-1.0500 area in next several days. Key resistance is now at 1.1113, only rise above this level will suggest that the fall from 1.1723 has completed.
For long term analysis, USDCAD breaks below 1.0784, suggesting the long term downtrend from 1.3063 has resumed. Deeper decline is now in favor, and next target would be at 1.0000 zone.