The above mentioned chart pattern is ideally and therefore calls for caution on the long (buy) side for the USDCAD . Price levels indicated on the chart 1.33559, 1.32521 and 1.31991.
A break above 1.33559 does imply a continuation of the current uptrend in the USDCAD .
Price breaking or closing outside of the at ~1.32358 is and a further break below the lower level of support (i.e. 1.31991) especially does provide a bias for the USDCAD .