As outlined in a post yesterday, the USDCAD had retracement resistance at the 1.0216 level.  This is the 61.8% retracement level of the last move down in the USDCAD starting on June 10th.  To review the chart click here [1]. 

The pair tested the 100 hour MA last night at 1.0136 (low 1.0141) and moved its way higher. It has broken above the 61.8% level now and reached a high of 1.0237.  Below the 1.0210 to 1.0216 level will be watched as a stop level for the intraday bullls.