USDCAD is currently fighting with the ascending suport of its weekly bullish channel. Since 2012, USDCAD is rebounding on this major support. In hourly timeframe USDCAD is drawing a double bottom on the support which is a strong bullish signal. I think the bullish reversal is coming. The only problem is the possible ETE figure (but not clean on the chart) which can trigger the support break and a strong bearish trend. I have opened the BUY trade but in case the neckline of the ETE (blue line) is broken I will immediately invalid this trade.