USDCAD: Strengthens, Immediate Bias Remains Higher.

USDCAD: With the pair closing strongly higher the past week and following through during Monday trading today, further bullishness is likely. This will expose the 1.0099 level where a violation will call for a run at the 1.0150 level. Further out, the 1.0150 level comes in as the next upside target. A cur through here will call for a run at the 1.0200 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.0000 level where a violation will aim at the 0.9932 level with a breach of here calling for a run at the 0.9814/22 levels and next the 0.9692/31 levels. All in all, USDCAD remains biased to the upside on further upside offensive.