USDCAD bouncing after holding 100/200 hour MAs

USDCAD bounces off its 100/200 hour MAs

The price of crude oil is higher and the USDCAD is lower on the day. However, it is also off it's low for the day.The catalyst for the bounce?Looking at the hourly chart, the low for the day tested the converged 100/200 hour MAs near 1.2718/1.2720.