There is an inverted head and shoulder on the shorter time frame. The pair has failed to make new lows after a crazy start to the year. This indicate to me that USDCAD will continue its way back up. Wait for the neckline break to buy on a retest. The retest will make the BC leg for a bat pattern forming for a short opportunity. Target 2 on the Bearish bat will also give a great long opportunity to continue longing this pair to the upside if it make newer high above 1.32100.