USDCAD continued its downward move from 1.0656 and the fall extended to as low as 0.9891. Further fall could be seen next week, and next target would be at 0.9700 area. Resistance is at 1.0050, only break above this level could indicate that the fall from 1.0656 is complete.
For long term analysis, USDCAD had formed a cycle top at 1.0656 on weekly chart. Further fall towards 0.9406 previous low could be seen over the next several weeks.
