It is making another up move which is an E wave to complete the daily structure before next big downside..
Look for the breakout of the flag for sells will be a nice idea!
Check EURCAD chart in the related ideas!
All CAD pairs have a big move to come so keep an eye on this one too...
Keep following and support!
Here is my view on USD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!