USDCAD breaks below 0.9987 support. Deeper decline to test 0.9709 is still possible in the next several days. Key resistance is now located at 1.0326, only break of this level will signal the resumption of the long term up trend.
For long term analysis, USDCAD formed a long term cycle top at 1.0378 on weekly chart. Pullback to 0.9650 area to reach the next long term cycle bottom is still in favor.