[TW] 6-6-11 through 6-10-11 mattspips

USD/CAD - Daily chart

Looking at the RSI never being able to even break 60 maintains the bearish momentum, the price seems to be in a declining channel and cannot break the 0.9800 level, I would expect bad news today about the US NFP and unemployment, will help drive this pair lower. Couple that with some rising oil prices and I would expect to see the pair dive down into the 0.9500 area at least, possibly to the lower bound of the declining channel at 0.93-0.94