1.3042-51 is the area
The USDCAD has indeed extended below the 200 hour MA and tests a dividing area that dissects bullish above and bearish below. That area comes in at the 1.3042-51. From July 22 to July 31, there was one look above that failed. ON July 31, the market traded above and below but made a last push above. ON Friday, there were two separate lows at the level.