USDCAD continues to trade in range between 1.0405 and 1.0852. As long as 1.0852 resistance holds, another fall towards 1.0000 is expected after consolidation. Key resistance is at 1.0852, only rise above 1.0852 will indicate lengthier correction of long term downtrend is underway, then further rally could be seen to 1.1000 zone.
For long term analysis, USDCAD is in long term downtrend from 1.3063. Deeper decline towards 1.0000 is expected in next several weeks.
