USDCAD - With USDCAD rallying strongly on Tuesday, further bullishness is now envisaged. On the upside, resistance is seen at the 1.0900 level followed by the 1.0950 level. Further out, resistance comes in at the 1.1000 level where a reversal of roles is expected to occur and turn it lower. On the downside, support lies at the 1.0750 level followed by the 1.0700 level where a break will aim at the 1.0650 level and then the 1.0600 level. Further down, support is located at the 1.0550 level. All in all, USDCAD continues to face further upside risk.
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