USDCAD remains in upward trend from 1.0206 and the fall from 1.0852 is more likely consolidation of uptrend. Another rise towards 1.1124 is expected after consolidation, and a break above 1.0852 could signal resumption of uptrend. Support level is at 1.0595 followed by 1.0450.
For long term analysis, USDCAD is in long term downtrend from 1.3063. Deeper decline towards 0.9500 is expected in next several weeks.
