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USDCAD short term reversal scenario

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Dolar A.S. / Dolar Kanada (FX:USDCAD)  
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FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Support and Resistance Fibonacci USDCAD
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trendanalysis supportandresistance fibonacci usdcad
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.
Komen:
Range seems to be broken.
Komen:
Target hit!
Penafian

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