USDCAD remains in downtrend from 1.0568, the rise from 1.0182 is likely correction of the downtrend. Another fall towards 1.0000 would likely be seen after correction, and a breakdown below 1.0270 support could signal resumption of the downtrend. Key resistance is at 1.0568, only break above this level could indicate that the pair remains in uptrend from 0.9632 (Sep 14, 2012 low), then further rise towards 1.1000 could be seen.
