
According to the chart of M5, USDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3646 and support 1.3639. In case the resistance level 1.3646 - 1.3646 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.