USDCAD’s downward movement from 1.0420 extends to as low as 1.0137. Further decline to test 1.0013 key support could be expected next week, a breakdown below this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) had completed at 1.0420 already, then the following downward movement could bring price to 0.9500 zone.
For long term analysis, USDCAD remain in uptrend from 0.9632, further rise to 1.0500 area is still possible over the next several weeks.
