1) See the weighted average USD. It broke the formation and currently visited the lower band of the formation as well as the EMAs and Key Fibo level. I expect USD to get weaken in short-run at least to visit 50% Fibo.
2) CAD weighted average has been in a down trend for years but recently it made an up-trend channel and currently is trading around the lower parallel of the brown channel. If the current level of the resistance gets broken then nothing can stop it until it gets to the upper parallel of the .
That means CAD will be stronger too as they are positively correlated. Hence USDCAD may go lower assuming USD remains constant.
See what happened a few days ago. A BOUNCE in CAD yields. That caused the recent strength in CAD. Just ask yourself if CAD yields rises where does it stop? There is almost no resistance for CAD yields in the near-run and that means CAD may rise for a while.