USDCAD has been dipping ever since the spinning top occurrence at 1.4512 levels that nudges prices below DMAs, any abrupt rallies could be deceptive to struggle to get support from both the leading and lagging oscillators (refer daily chart).
As stated in our previous post, the pair failed to sustain the minor rallies, the interim rallies in the minor trend unlikely to extend upswings as long as the current price slid below DMAs with bearish DMA & MACD crossovers as both RSI and stochastic curves show downward convergence.