USDCAD: Having continued to weaken, further declines are likely towards he 0.9826 level. On further price extension, the 0.9800 level will be aimed at with a violation of there allowing for a move lower towards the 0.9700 level, its psycho level and possibly towards the 0.9600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, USDCAD will have to break and hold above the 1.0000/83 levels to halt is present weakness and then resume its correction. This if seen should push the pair further higher towards the 1.0105 level and then the 1.0165 level. All in all, the pair remains biased to the downside in the short term
