According to the chart of M5, USDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.4107 and support 1.4099. In case the resistance level 1.4107 - 1.4107 is broken, the instrument is likely to follow the bullish trend. The M5 and M15 time frames may have more false entry points.