Look for confirmation to enter, I also advise you to facilitate this trade in a lower time frame for a better entry. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
Aside from firm USD fundamentals, Canada stands to loose big-time if tariffs go into effect.
(Canada provides 16-17% of all US imported steel)
Also, Trump is (fiendishly) using tariffs as a bargaining chip for NAFTA concessions.
So... Lots of CAD entities now want USD (immediately) to hedge, thus boosting this pair.
If tariff threat turns out to be "All talk / No action",in upcoming days, then @igpromotings scenario may very likely come true.
(...although her analysis goes against some big-hitters like Canada's Scotiabank)
IMHO: Look for a stall at 1.3075 until things get sorted out...
This week's actions by Trump (and BoC rate descision) will determine future direction for the next 1-2 months.
Additional REF: https://www.fxstreet.com/news/usd-cad-outlook-remains-bullish-near-term-scotiabank-201803051430