There's a bar pattern formed on USD/CAD at the 1.1220 as well as the down sloping . The 1.1220 is also the breakdown point of the triangle chart pattern. This bar pattern could potentially lead the price lower in today's New York session, but the first obstacle will be the 200 period golden moving average. The is expending as well, which shows the is increasing and the readings on the (ATR) indicator also show the is increasing, but at a slower pace. The long term trend is flat as the 200 period moving average remains flat while the shorter term trend is down. The indicator shows that the price is currently overbought and that could potentially lead the price lower in today's New York session. The current is at 1.1220 and is at 1.1085. The breakout of the triangle chart pattern and the bar pattern could still potentially provide some selling opportunities in today's New York session and the 1.1085 could serve as a target for sellers to take profits.