USDCAD Weekly Chart (27/07/2015)

It seems that Cup and Handle pattern found its handle from January to July as aggressive buyers broke above the handle to test 5-year high @ 1.3060 result in spinning top with the churning volume at the level it indicates that retracement is coming or potentially finding top. This week should be answered whether it breakouts the 5-year high (long preferable) or another reversal candlestick pattern (Short anticipation).