USDCAD is in an overall bullish trend because of the monetary policy measures taken by the federal reserve. However, price is at the top of a short term range that is also the top of the trend at the moment. A pullback to the last fib level would be a healthy move before continuing higher. For short term traders this could be a sell setup if taken with caution as it is a counter trend setup.
Commento:
Range seems to be broken.
Commento:
Target hit!