The USDCAD is setting up a long term bull flag pattern.

While the pair trades above the 1.3900 level the risk remains higher. The bull flag pattern is capped by the 1.4300 level as the 1.4299 is the 61.8% Fibonacci retracement of the highs at 1.4667 to the lows last month at 1.3921. A break of the 1.4300 level would put new highs in view. Also note that the RSI has worked off the very overbought signals from last month.