Forex Flash: USD/CAD, sticking with the bullish bias – TD Securities

"USDCAD's push to new highs for the move up were not sustained through the close of trade Friday but neither did the market sell off to the point that makes the downside look hugely vulnerable," say Toronto FX Research Team at TD Securities, while USDCAD trades last at 1.0006, off session lows at 0.9986.

"The bullish break out we identified last week remains intact," the team remembers, adding: "We rather think that the 0.9985 areaneckline break out resistance, now supportis pivotal for USDCAD in the short-run. If the market holds here, we look for a rebound in USDCAD through the latter part of the week," the analysts conclude.