USDCAD is now in downtrend from 1.0608. Further decline could be expected next week, and the first target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion of the uptrend from 0.9632 (Sep 14, 2012 low).
![usdcad daily chart](https://www.forexcycle.com/wp-content/uploads/2013/20130720_usdcad_1.png)