The dollar cad has been trading extremely erratically this month. The end of the month will see huge volatility for the pair before a large dump to liquidate stop losses to the downside.
BEAR CASE A mild retracement to the upside should happen next week and we should see October retest 1.23
BULL CASE A fake out to the upside to liquidate overzealous shorts could happen, but the high formed in September 2021 near the 1.29 level should not be broken.