USDCAD broke below 0.9444 support, suggesting that the long term downtrend from 1.0852 (2010 high) has resumed. Further fall could be seen next week, and next target would be at 0.9200 area. Resistance is at 0.9530, as long as this level holds, downtrend from 0.9912 could be expected to continue.
For long term analysis, USDCAD formed a cycle top at 0.9912 on weekly chart. Further fall to 0.9000 area to reach next cycle bottom is expected.