USDCAD broke below 1.0083 support, suggesting that the downtrend from 1.0341 has resumed. Further decline could be seen over the next several days, and next target would be at 1.0000 area. Resistance is at 1.0160, as long as this level holds, the downtrend will continue.
For long term analysis, USDCAD is now in downtrend from 1.0341. Further decline towards 0.9500 could be expected over the next sever weeks.
