USDCAD stays below a falling trend line on daily chart, and remains in downtrend from 1.0057. Deeper decline is still possible next week and next target would be at 0.9600 zone. Resistance is at the trend line, now at 0.9880, as long as this level holds, downtrend will continue.
For long term analysis, USDCAD’s long term downtrend has resumed. Further fall towards 0.9000 is expected in next several months.
