In the h1 timeframe, we have seen that the usdcad has broken the price structure by breaking below the current immediate support level (higher low), and it's out of the wedge already. The support level has now been retested and rejected, turning into resistance, as a result of the small bearish candle that has formed, showing us that the momentum has shifted in favor of the bears now. We could experience a strong bearish move on usdcad soon. If you have been bullish on this pair, it's advisable to exit now before you get screwed. Also, the price has broken below 50 and 20 EMA's. These two moving average is about to completely cross over, showing us a strong bearish signal as well. Be wary if you are already a bull on this pair.