USD/CAD has been bullish since finding support at 1.0620 in July. In early August, the pair stalled under 1.0986 and formed a double top. However, the market remained bullish after a brief (failed) price topping attempt. As you can see in the 4H chart, price has moved to a new high just under 1.10. USD/CAD 4H Chart 8/26 (click to enlarge) Note the moving averages getting back into bullish arrangement with price trading above the 200-, 100-, and 50-period SMAs in the 4H chart. The 4H RSI has tagged above 70 again and as long as it stays above 40, we should be seeing a bullish trend continue.However, price is retreating from 1.10 and is now making its way below last week's rising trendline. Let's wait for the pullback to extend slightly in the near-term, I think as the 4H RSI moves toward 40, and price toward 1.0930-1.0940, we should see some buyers. There is still further upside above 1.10 toward the 1.1050 highs from April. At this point a break below 1.0925 could introduce further consolidation or bearish correction, especially if the 4H RSI falls below 40.