Trend is bearish in USD/CAD currency pair in 4 hours time frame. Vital resistance is present at 1.3133 price level. Based on Elliott wave analysis, I expect price to create a bullish reversal pattern in four hours chart. So, currently I am waiting for a bullish break out in price above 1.3133 resistance level. However; if price just keep falling down then I will reanalyze the price action of USD/CAD currency pair.