USDCAD’s fall from 1.0009 is likely consolidation of uptrend from 0.9406. Another fall towards 0.9600 to reach next cycle bottom on daily chart is still possible. Key resistance is at 1.0009, only break above this level could signal resumption of uptrend.
For long term analysis, USDCAD is in consolidation of downtrend from 1.0852. Sideways movement in a range between 0.9406 and 1.0200 would likely be seen.
