Being contained by 1.0813 support, USDCAD rebounded from 1.0822. However, the bounce is likely consolidation of the downtrend from 1.0941, another fall to test 1.0813 support would likely be seen after consolidation, a breakdown below this level will signal resumption of the downtrend, then next target would be at 1.0700 area. Resistance is at 1.0885, only break above this level could trigger another rise to 1.1000 area.
