If USD/CAD continues to follow this trend then we could be looking at a bearish week for the pair. The trend line runs right into the .618 so I would be watching this pair.
It’s looking like it may play out. If you look at the hourly chart you can see that it has broke its uptrend and created a lower low. This could be a false bearish breakout but it think it is a good sign. Watch the lower time frame for more confirmation.