The USD/CAD is not trending but it is oscillating and ranging on the smaller time frames, see the H1 time frame below. Above the current prices it has around 200 pips of potential to cycle back up to the 1.2625 area, noted by the yellow line. Traders can look for a buys signal on this pair in the main session using The Forex Heatmap®, or after the USD or CAD news drivers, which are both on the news calendar for tomorrow. The trend indicators you see below are exponential moving averages which are easy to set up on most charting platforms.
Forex Trends USD/CAD 2-25-2015