USDCAD could potentially be forming a bull flag. The area between 1.2970-1.3000 is important support for the pair on a weekly chart.
Looking for an upside break of the bull flag pattern for confirmation to position. If the psychological 1.3000 handle offers some resistance on an upside break, a pullback to around 1.2990 might offer a good entry point for a favorable risk to reward long position.