USDCAD is trading at 1.2841; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test Tenkan-Sen and Kijunт-Sen at 1.2865 and then continue moving downwards to reach 1.2690.
However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2960. In this case, the pair may continue growing towards 1.3060. After breaking the downside border of the cloud and fixing below 1.2785, the price may resume falling.