A second week of bull pressure following the pair's recovery off the 1.0137 level, its Jun 21'10 high saw USDCAD rallying strongly higher the past week to close at 1.0619 on Friday. With a reversal of declines initiated from the 1.0851 level, its 2010 high now underway, a return to the 1.0851 level is now expected. A decisive violation of that level will call for more strength towards the 1.0991 level, its Sept 28'10 high and possibly even higher. Its weekly RSI remains supportive of this view as it is bullish and pointing higher. Alternatively, a break of the 1.0319 level, its Jun 28'10 high and the 1.0137 level, its Jun 21'10 low must occur to reverse its current strength and bring further downside pressure towards the 1.0100 level. All in all, with its present strength in tune with its bottom forming process, risk remains higher towards the 1.0851 level and beyond