USDCAD has performed a 38.2 retrace from its top and has now broken out of its upper wedgewall.
This will most likely be a fake breakout, because it is the GANN-resistance which is important here. It is meeting a significant resistance @ overbought conditions and its momentum is stretched and turning.
This will likely send USDCAD into an intermediate cycle low.
If dollar breaks all rules it can theoretically want to also have a fake break-out above the neutral line to touch 50 % FIB. This is however less likely given the circumstances.