Hello.
Here is a shorter term USD/CAD 5 min chart.
Although you can’t see it in the chart, this movement back up is completing Wave 4 of an Impulse movement down.
So, look for a potential small movement back up and then a move down. Remember, this is a 5 minute chart so this is a shorter-term trade and this can move very quickly in a short amount of time.
Check your announcements, apply your money management and place your stops.
Good luck and happy pipping.
An overview of the
currency markets by 

