USDCAD is approaching our first support level at 1.3052 (horizontal swing low support, 61.8% Fibonacci extension Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3208 (horizontal pullback resistance, 50% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.