Looking for USD/CAD to complete a 33%-50% Fibo retracement on the Weekly chart to create a new Fractal Swing High Structure point to continue back into the bearish downtrend.
The strength is still with the Bears so once the pullback rally completes look for a good entry on the Daily or 4-Hour chart to go short.
The trend channel will be gradually adjusted over time as new Fractal Swing Lows are formed and according to where price settles.