The USD/CAD pair is holding firmly above its broken resistance at 1.0100 level. However, lack of the bullish steam seemed to exist during the last two weeks and the pair seems to be under negative pressure which was manifested yesterday in the massive bearish daily candlestick.

Last week we got some bearish rejection around 1.0300, which was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair gave obvious daily closure below 1.0220 which was repeated yesterday after breakdown of 1.220 again.
The most suggested scenario now is bearish; as long as the USD/CAD pair remains below 1.0220 with SL as 4H closure above 1.0200 to secure some profits.
By breakdown of the lower limit of the movement range at 1.0220, the USD/CAD pair probably has a projection target at 1.0110.
On the other side, it is important to note that support is located around 1.0160 level which is being tested today, where a breakdown will allow movement towards 1.0130 (50% Fibonacci) then 1.0100 level to take place.