USDCAD possible sell. In my opinion the pair is currently overbought and along with this it has reached the trend line. My further reasons for this reversal is that it has come after a double bottom pattern, so perhaps we may get a repeat of this. Secondly on a lower tome frame we see that the momentum indicator and the direction of the chart are disagreeing with each other. The MACD indicator also supports the idea that a reversal is about to take place. It should retrace first then drop.