Seems we will have an ISHS formation. 0.8944 level is very important which will confirm the lower trend line to be broken and resistance level of the formation is to be broken as well.
It seems we're gonna have a double top on USDCAD. Besides upper trend line starting from 22.10.2013 supports the prices so far.
Hence closing below 1.0557 can be expected to accelerate the fall. First target could be 1.05 second target could be 1.0445. Stop loss might be set as 1.0640