The USDCAD may find support below the 1.3900 level.

Originally we have been following the triangle the USDCAD has been forming the last few weeks, however the lack of follow through to the downside today may suggest a wedge is forming with key support at the 1.3850 level. If the pair breaks back above the 1.400 level the 1.4100 resistance (top of the wedge) may come into play. Note that the RSI is winding up and ready to confirm any breakout that develops.