In the chart of the USDCAD we can see and ascending channel forming in a six hours time frame. As the actual price is touching the bottom bullish trend line, we can settle a long position near 1.3254, with a Stop Loss in 1.3187 and a Take profit near the upper bullish trend line at 1.3386 approximately. Also, the Stochastic RSI is in a oversold level, which indicates a possible rise in the price. Finally, there are 5 points previous to the current one where the price touched the EMA and bounced. Therefore, as the price is again touching the EMA, it is expected to bounce.