USDCAD is facing 1.0341 resistance, a break above this level will indicate that the uptrend from 0.9632 has resumed, then further rise to 1.0500 area could be seen. However, as long as 1.0341 resistance holds, the rise from 1.0013 would possibly be correction of the downtrend from 1.0341, one more fall towards 0.9500 is still possible after correction.
For long term analysis, USDCAD is now in downtrend from 1.0341. Further decline towards 0.9500 could be expected over the next sever weeks.
