USDCAD is in consolidation of the downtrend from 1.0960, range trading between 1.0715 and 1.0780 would likely be seen in a couple of days. Resistance is at 1.0780, as long as this level holds, the downtrend could be expected to resume, and next target would be at 1.0600 area. Only break above 1.0780 resistance could signal completion of the downtrend.
