USDCAD Multi-week sideways opportunity

The USDCAD pair topped back in October and has turned sideways inside a Rectangle pattern since the November 15 Low. With the 1D MA50 (blue trend-line) used as the Pivot, the 1D MACD indicator can offer a confirmed buy and sell entry when it makes a Bullish and Bearish Cross respectively. Notice when Support 1 was created (previous High turned into Low), hence we project Support 2 to be around 1.30750.

Tradingview link:

https://www.tradingview.com/chart/USDCAD/3DGsFSBP-USDCAD-Multi-week-sideways-opportunity