USDCAD failed to break above 1.3588, indicating that the pair remains in downtrend from 1.3588. Deeper decline is possible, and the target would be at 1.3250 area. On the upside, a break of 1.3588 resistance will signal resumption of the uptrend from 1.3005, then the following upward movement could bring price to 1.3700 zone.
