No changed in our view, USDCAD remains in downtrend from 1.0960. Resistance is at 1.0700, as long as this level holds, the rise from 1.0619 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0500 area. Only break above 1.0700 resistance could signal completion of the downtrend.
