USDCAD remains in uptrend from 1.0588, the fall from 1.0991 could be treated as consolidation of the uptrend. Support is now located at the bottom 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 1.1100 area. On the downside, a clear break below the channel support will indicate that the upward movement from 1.0588 had completed at 1.0991 already, then the pair will find support around 1.0700.
