USDCAD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0619, the fall from 1.0794 could be treated as consolidation of the uptrend. Support is now located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected to resume, and next target would be at 1.0850 area. Only a clear break below the channel support will indicate that the uptrend had completed at 1.0794 already, then deeper decline to 1.0500 could be seen.
