USDCAD is approaching a solid demand cluster on a daily. 1.2645 - 1.272 is a potential reversal zone from where with a high probability we will see a pullback.
Your confirmation to buy the pair will be a bullish breakout of a falling parallel channel on 1H time frame. Its violation may trigger a correctional move at least to 1.2764 level.
Be patient and wait for a confirmation before you buy!
Have a great weekend!
โค๏ธIf you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!โค๏ธ