$USDCAD

 $USDCAD closed higher on Monday as it extends last week's breakout above the September-October downtrend line. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. 

Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off November's low, the reaction high crossing at 102.10 is the next upside target. Closes below the 20-day moving average crossing at 100.24 would signal that a short-term top has been posted. 

First resistance is today's high crossing at 101.14. 

Second resistance is the reaction high crossing at 102.10. 

First support is the 20-day moving average crossing at 100.24. 

Second support is November's low crossing at 99.19.