$USDCAD

$USDCAD  closed higher on Wednesday and above the 87% retracement level of the April-June decline crossing at 100.91 as it extends the rally off June's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. 

Stochastics and the RSI are overbought but remain neutral to bullish signaling that additional short-term gains are possible. 

If September extends the rally off June's low, April's high crossing at 101.68 is the next upside target. Closes below the
20-day moving average crossing at 99.65 are needed to confirm that a short-term top has been posted. 

• First resistance is today's high crossing at 101.08. 
• Second resistance is April's high crossing at 101.68. 

• First support is the 10-day moving average crossing at 100.37. 
• Second support is the 20-day moving average crossing at 99.65.