USDCAD’s downward movement from 1.0960 extended to as low as 1.0828. Further decline to test 1.0813 support is still 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 1.0894, only break above this level could bring price back to 1.0940 zone.
