When viewed from a larger prospective it is clear that the USDCAD is riding it's channel lower.  Creating lower highs and lower lows.  If the trend continues we may have a bit further down to go before rebounding back towards the top of the channel.   The cross is sitting at resistance at 1.01.  A hold of this level and the pair could test 1.0050.

Sup             1.0050

Res              1.01

Keane Insight:   May test 1.0050 before rebounding higher.