USD/CAD Price Analysis: Bulls are leading as daily support holds up

• USD/CAD is on firm grounds as the start of the week. 
• Bears could be out of luck if the daily chart's support continues to hold up.

USD/CAD is firm in the open this week as risk-off markets favour the US dollar to commodity currencies. The focus is on the Ukraine crisis that has driven forex on Monday as tensions rise. The following is an illustration of the weekly and daily market structure and offers a bullish bias while within the bulls trend still.

USD/CAD weekly chart

From a weekly chart perspective, the price is teed up for a continuation to the upside as the daily support continues to hold off the bears. 

USD/CAD daily chart

The daily chart shows the price as being trapped between the 1.2630s and 1.2870s with the bias tilted to the upside considering the bull trend.