USD/CAD Pattern

The USD/CAD has been in a channel now since the end of August. We’ve seen it push the top channel line three times and it is now approaching the fourth.
What’s interesting is the similar pattern back in March for the EUR/USD. Remember when it broke out after the fourth time at the top channel line? This may remind you:

We’ve seen patterns repeat in other currency pairs. All of 2005 the Canadian Dollar was the only currency getting stronger against the dollar. Maybe now it will be the one to break down?