$USDCAD closed higher on Monday and the mid-range close sets the stage for a steady opening when Tuesday's night session begins trading.
Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off June's low, last July's high crossing at 104.53 is the next upside target. Closes below the reaction low crossing at 100.99 would confirm that a short-term top has been posted.
First resistance is the reaction high crossing at 102.56.
Second resistance is September's high crossing at 103.59.
First support is the 10-day moving average crossing at 101.83.
Second support is the reaction low crossing at 100.99.
