USDCAD: Remains On Corrective Offensive.

USDCAD: Having continued to hold on to its corrective recovery, further upside is likely. This will leave the pair targeting further upside towards the 1.0000 level where a break will call for a run at the 1.0055 level and then the 1.0081 level. Further out, resistance lies at the 1.0250 level. On the downside, support lies at the 0.9800 level where a breather is likely to occur and turn the pair higher. However, if this fails to occur, further declines should build up towards the 0.9692/31 levels. A breach of here will call for more declines towards the 0.9500 level. All in all, USDCAD remains biased to the upside on further corrective threats.