The trend is up. This means that price should move above its 50ma. However, players on the H4 time frame are unwilling to move beyond H4 200 moving average. Fundamentals are needed, some type of momentum.
If 50ma 1D crosses over 100ma 1D, that should provide needed momentum. Until then, it's range time for USDCAD .
Of fundamental note are Crude oil prices which are mostly .
Of fundamental note is DXY is .
These all contribute to chart mixing on USDCAD .
I'm watching for a breakout, somewhere and the beginning of a longer trend.
This could take a while.