USDCAD’s fall from 1.1466 extended to as low as 1.1300, the subsequent bounce is likely resumption of the uptrend from 1.1121. Further rise to test 1.1466 resistance could be expected, a break of this level will confirm that the uptrend has resumed, then next target would be at 1.1600 area. Support is at 1.1300, only break below this level could trigger another fall to 1.1250 zone.
