There's a strong test here for the rising trend. Weak data for mining, energy and the industrial sector. Worst quarter since the great depression and poor outlooks for the second one. Since a boost from the energy sector is unlikely untill 2016, low demand for oil will keep pushing down on the CAD/USD.
There has been a clear resistance level around 2.80 to 3.00 for this one. Except for the low around 1.80, it looks like there is little chance for it to sink any lower than 3.00 especially with the volume being traded since it reached that level. What are your opinions on that?