The Spanish coach knows all about the Tigers' rich Asian Champions League history and has set his sights on progressing as far as possible in 2012
The Saudi Arabian giants, who were Asian champions in 2004 and 2005 and reached last season's semi-finals, moved to 13 points in Group B after Wednesday's win, sealing top spot with one game to play.
Caneda, who only joined the club earlier this year after Slovenian boss Matjaz Kek's brief time in charge, now set his sights on a successful campaign where he believes they could lift the trophy.
“Our target now is to go as far as we can and maybe we can even win this tournament,” Caneda told reporters.
“Being the coach of Al Ittihad is not easy because the team have a good history in this competition and you have a responsibility because your team must win and play well.”
On the win over 10-man Pakhtakor, which came courtesy of Mohamed Abosaban's stoppage-time winner, Caneda admitted they got lucky.
“We were lucky that we scored with our final chance of the game,” he said.
“But I do think that the sending off was a clear red card because their defender was the last man and Naif Hazazi would have had a clear goal-scoring opportunity if he had not been fouled.”
Pakhtakor drop to third in Group B, one point behind Bani Yas, who they play in their final game in UAE. The Uzbek club's boss Dejan Durdevic said that was a 'final-like' prospect.
“This loss was very difficult for us because we maybe deserved one point. But that’s football,” he said.
“Now we have to beat Bani Yas in our final game and it will be like a final because both teams will want to win and go through to the next round.”