The dollar/Canadian dollar currency pair this week violated its 2009/2010 lows located at 1.0219/1.0204 after many failed attempts. With the break occurring on a weekly closing basis, and with the pair resuming its medium-term downtrend from 1.3060, the risk of further declines can be seen toward the psychological level at 1,100. A cut through there would expose 1.0000, which marks parity and an even bigger psychological level. This level may present significant support if tested and turn the pair back up on a corrective recovery. We also see lows at the 0.9917, 0.9818 and 0.9703 levels established in July 2008, May 2008 and February 2008, respectively, as key support levels if the 1.0000 level is taken out. The weekly studies are bearish and pointing lower, supporting this view. Resistance is located at 1.0219/1.0204, where a reversal of roles is expected, but if that fails to occur, the pair could target 1.0320, its March 11 high, and then 1.0368, its Feb. 22 low.