USDCAD: With the pair continuing to maintain its upside bias, further upside offensive is likely. In such a case, the 1.0293 level will come in as the next upside target where a violation will aim at the 1.0341 level. Further out, resistance resides at the 1.0400 level with a violation calling for a run at the 1.0450 level and then the 1.0450 level. However, if its upside fails, the 1.0082 level will come in as the next downside. A breach will turn attention to the 1.0000 level. On continued decline, support comes in at the 0.9903 level where a breach will target the 0.9800 level. Its weekly RSI is bearish and pointing lower supporting this view. All in all, USDCAD remains biased to the upside in the short term.
