USDCAD continued its downward movement from 1.1385, and the fall extended to as low as 1.1121. Resistance is at 1.1265, as long as this level holds, further decline is still possible, and next target would be at 1.1090 area. On the upside, a break of 1.1265 resistance will indicate that the downtrend had completed at 1.1121 already, then further rise to test 1.1385 resistance could be seen.
