USDCAD broke above 1.0940 resistance, indicating that the downward movement from 1.0985 had completed at 1.0860 already. Further rise to test 1.0985 resistance is possible, a break above this level could trigger another rise towards 1.1500. On the downside, as long as 1.0985 resistance holds, the rise from 1.0860 would possibly be correction of the downtrend from 1.0985, one more fall to 1.0800 area is still possible.
