$USDCAD closed lower on Friday and the mid-range close sets the stage for a steady opening when Monday's night session begins trading.
Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower 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 last Friday's high crossing at 102.56.
Second resistance is September's high crossing at 103.59.
Second resistance is September's high crossing at 103.59.
First support is the 10-day moving average crossing at 101.80.
Second support is the reaction low crossing at 100.99.
