Continuing on the technical side the price closed above a that was acting on the H1 since Monday.
On the fundamental Besides the Oil prices did new highs for the year, besides this we can see that right now they reached lower lows also so they are supporting the bias for the USDCAD at the moment.
With the release of the Non-Manufacturing PMI today at 10:00 US & CANADA Eastern Time ( GMT -5:00) this might be the fuel that drives the USDCAD higher to the past resistance levels around 1. 2800 .
I hope this is helpful to you, God Bless You my friend.