USDCAD has been in a ascending triangle on the daily chart which after a downturn can result in a powerful reversal. Resistance of the triangle runs from the 24th May 2016 high while support runs from the 3rd May 2016 low. While on the hourly chart it has been in a ascending channel. A break of this channel support would need to happen to confirm a bearish view while a break of the channel resistance would need to break above the daily trendline to confirm a bullish view.