$USDCAD

$USDCAD  closed lower due to profit taking on Tuesday but remains above the 87% retracement level of the April-June decline crossing at 100.91. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. 

Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 100.03 are needed to confirm that a short-term top has been posted. If September extends the rally off June's low, April's high crossing at 101.68 is the next upside target. 

First resistance is today's high crossing at 101.55. 

Second resistance is April's high crossing at 101.68. 

First support is the 10-day moving average crossing at 100.90. 

Second support is the 20-day moving average crossing at 100.19.