USD/CAD currency pair is trapped in a congestion area 0.9760-0.9970 after visiting the significant resistance level 0.9970.
This resistance level 0.9970 is the upper limit of the slightly bullish channel (blue) , the retest of the broken bullish channel (brown) and previous tops and bottoms.
It's better not to take trades on the pair while it's still in this area. However, Bearish scenario is more likely to happen.
On the 4H timeframe, the pair started to make lower lows which is a bearish signal off the current resistance level.
It's important to take care at the support level 0.9830 which is the next key level at which may find demand on the pair.
Break of this support level will open the way to the lower limit of the congesting area 0.9760.