USDCAD remains in downtrend from 1.0960. Further decline to test 1.0813 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 1.1278 (Mar 20 high), then next target would be at 1.0700 area. Resistance is now at 1.0885, only break above this level will indicate that lengthier sideways movement in a range between 1.0813 and 1.0960 is underway, then further rise to 1.0940 area could be seen.
