No change in USD/CAD's outlook. Further rise is still in favor with 0.9567 minor support intact, towards near term falling channel resistance (now at 0.9761). On the downside, below 0.9567 minor support will flip bias back to the downside for retesting 0.9444. But break of 0.9444 is needed to confirm down trend resumption. Otherwise, we'll stay neural and expect more consolidations first.
In the bigger picture, medium term down trend from 2009 high of 1.3063 is still in progress and outlook will remain bearish as long as 0.9972 resistance holds. Further fall would be seen towards 0.9056 key support (2007 low). Though, we'd again start to look for reversal signal as USD/CAD approaches this key support level. Meanwhile, sustained break of 0.9972 will suggest that USD/CAD has indeed bottomed out already and should bring stronger rally towards 55 weeks EMA (now at 1.0063) first.