The USD CAD looks great for a short only if the rectangle of the support line is tested. At the moment there is not enough information to sell as the previous candle could be a false breakout.
Great information provided by the monthly chart shows a key resistance spot and seems unable to break through.
Only time ...
I have based this idea on key Fibonacci retracement levels being tested and broken through. I see the price moving to the 1.618 level below.
I have split my positions in two. Once the first take profit it hit I will move the second positions SL to break even.