USD/CAD H1 chart shows, that price is moving in an up-channel. After third test of upper limit, price started collapsing to the nearest support. Then, after slight correction double top formation occurred – just below the channel upper limit. This brought current slippages and the nearest hours should bring further decreases.
In the short-term it is worth to consider short positioning or wait till the price approach the local support and then look for buying opportunities. Stronger rebound should activate in some time – where support connects with channel downward limit.
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