USDCAD is at a crucial position. Yesterday, there was a bit of good news for USD which made the pair shoot up but later the pair settled down and it ended up with a bearish daily pin bar. But we would not want to take the pin bar unless the pin bar is confirmed. One of the ways to confirm a pin bar is to wait for it to break its bottom. The bottom of the pin bar for yesterday is at 1.2325 and this is also a place of good previous support. So taking all this into consideration, if this support / bottom breaks, we should be going down to 1.21 else , if this holds then we should be moving upwards.
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