For me this is a indicator that a lot of trades are exchanged between buyers and seller.
One reason for this may be a intersting level for Take Profits for short term sellers and Long Entries for trend traders.
Referring to my analysis made some days ago I guess we are now in kind of Zero Gravity zone. USD/CAD could lose further bearsih momentum and continue .
I'am long in this pair. Break out maybe come soon.
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.