No changed in our view, USDCAD remains in uptrend from 1.0886, the fall from 1.1269 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and next target would be at 1.1400 area. Only a clear break below the channel support could signal completion of the uptrend.
