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USDCAD: With continued upside offensive seen, further bullishness is envisaged. On the upside, resistance is seen at the 1.1600 level followed by the 1.1650 level.

Further out, resistance comes in at the 1.1700 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.1750 level. On the downside, support lies at the 1.1450 level followed by the 1.1400 level where a reversal of roles as support is envisaged.

Further out, resistance resides at the 1.1350 level and then the 1.1300 level. All in all, USDCAD continues to face corrective pullback threats.

usdcad