For 2.5 months USDCAD has been moving in the triangle pattern. The chart is suggesting that further movement will be in down. However to confirm this we must wait until the triangle pattern will be broken. Right now range trading is the best idea for trading and this side trend may last for a while.
The most safe setup after the breakout from the triangle pattern will be to wait for return movement. The price will test line from the different side (I marked it on the chart by red and green lines) and further trend should occur which will be accorded with the breakout direction.
