Currently USDCAD is moving in a small wedge pattern, when breaking out of the wedge will determine the next direction. However, in a broader view, USDCAD is sideway with a range of 100pips in the 1.2025 - 1.213 zone. You can wait for orders when the price returns to the 2 sides of this zone
Chart PatternsSupply and DemandWedge

Disclaimer