USDCAD – retains bull pressure as it looks for further corrective recovery. Support lies at the 1.3000 level where a break will aim at the 1.2950 level. Further down, support comes in at the 1.2900 level where a turn lower may occur. But if further weakness occurs support comes in at the 1.2850 level. On the upside, resistance lies at the 1.3100 level where a violation will target the 1.3`50 level. Further up, resistance resides at the 1.3200 level and then the 1.3250 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCAD looks to strengthen further on correction.
