USDCAD moved higher yesterday, extending toward a former support zone between 1.41297 and 1.41488 that has now become resistance. The pullback found support at the 100-hour moving average, where buyers slowed the decline and sparked a modest rebound. That moving average comes in at 1.40923, while the 200-hour moving average sits lower at 1.40737. As long as the price remains above the 100- and 200-hour moving averages, buyers retain the near-term technical advantage. A move below the 200-hour moving average would tilt the short-term bias back in favor of the sellers.