USDCAD’s fall from 1.0422 extended to as low as 0.9981. Further decline is still possible next week, and next target would be at 0.9700-0.9800 area. Resistance is at 1.0100, as long as this level holds, downtrend will continue.
For long term analysis, USDCAD is in correction of uptrend from 0.9406, further rise to 1.1500 would likely be seen after consolidation.
