USDCAD: Bullish, Targets Further Upside.
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USDCAD: With USDCAD retaining its bullish bias, further strength is envisaged. This development leaves the pair targeting the 1.0608 level with a break paving the way for a run at the 1.0650 level. If USDCAD pushes through here, the 1.0700 level will be aimed at. Its daily RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 1.0525 level where a reversal of roles is likely. Further down, support comes at the 1.0400 level with a violation targeting the 1.0350 level. A break through here will aim at the 1.0300 level and then the 1.0244 level. All in all, USDCAD now faces further upside threats.