USD/CAD is a mixed techcnial picture until the price breaks the weekly and daily resistance structure.
However, the monthly chart is above a firm support structure. If the price does move higher, there will be a confluence between the monthly, weekly and daily charts for a firmly bullish bias.
The following is a topdown analysis of the pair across the aforementioned time frames.
The price of the pair is holding above a prior resistance now turned to support and an upside extension is expected.
The problem we have is that the weekly time frame shows the price below resistance.
Tghe above illustration is what the bulls are waiting for.
A break above the resistance will likely give rise to a restest of the structure from which bulls will look to get on board with as the price heads higher.