The USDCAD pair has been in a descending triangle formation for the past few days. Testing the 200 SMA multiple times on the 1H time frame but more accurately on the 4H time frame. The descending trend line and strong support have been tested multiple times. This has proven to be strong market structure and hasn't been broken in prior price action. Also, a bullish divergence seems highly probable on the 1H time frame . However, these are just highly probable outcomes. Remember that anything can happen in the market and every moment in the market is unique.