USDCAD’s rise from 1.0182 extended to as high as 1.0356. As long as 1.0380 resistance holds, the rise could be treated as consolidation of the downtrend from 1.0568, another fall towards 1.0000 is still possible. However, a break above 1.0380 resistance will indicate that the pair remains in uptrend from 0.9632 (Sep 14, 2012 low), then further rise towards 1.1000 could be seen.
