USDCAD: Future possibilities

USDCAD is consolidating in it's current position. Some interesting things to keep an eye on: The trend has technically broken through the overall descending (purple) trend line. Typically this is a bullish move, but we must first establish a higher high. If we maintain the 1.35 support but continue to get lower highs, we'll likely see another move like the last descending triangle as shown in yellow. If the price establishes a higher high, this could confirm trend reversal.