USDCAD remains in downtrend from 1.0523, the rise from 0.9925 is likely consolidation of the downtrend. Another fall towards 0.9700 is still possible after consolidation, and a breakdown below 0.9925 could signal resumption of the downtrend. Resistance is at 1.0050, only break above this level could indicate that the fall is completed.
For long term analysis, USDCAD is in correction of uptrend from 0.9406, further rise to 1.1500 would likely be seen after consolidation.
