USDCAD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.0588, the fall from 1.0991 could be treated as consolidation of the uptrend. As long as the channel support holds, the uptrend could be expected to resume, and next target would be at 1.1100 area. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price to 1.0700 zone.
