Basic technical analysis here, Price has been bouncing between resistance which is also 0.5 FIB extension on last big downtrend. With what happened with DXY yesterday, I thought to myself that when DXY was surging and UC couldn't break upward, it surely won't do it now.
Here is what I'm thinking : USDCAD SHORT ENTRY : 1.28328 SL : 1.28999 TP : 1.24151
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.