Stay above is bullish
The USDCAD is pushing back above its 200 hour MA at 1.3578. It is also above the 38.2% of the move down from the June 26 high at 1.35763.
Traders will want to see the price stay above that MA level now and push toward the 50% retracement of the move down from June 26 high at 1.26028.