The pair has been into long term triangular pattern. Few days back has tested the upper end of the pattern, it might show down momentum and touches the support levels at higher TF.
At 4hr TF the USDCAD is at 200EMA support, the short term trend has been into negative biased. At 1hr trading below 200 and the PA at 1hr and 4hr is continuing to be negative. Expectation is we might break 200 Ema at 4hr TF and test 1.3530 levels again.
