Technician

USDCAD: Eying a Bearish Setup

FX:USDCAD   U.S. Dollar/Canadian Dollar
343 1 5
USDCAD             fails so far to settle above the monthly resistance(when I say monthly resistance, then i mean by "break" at least a monthly closing). Daily studies signal a bearish divergence on momentum and a potential double top , a break below the latest swing low at 1.0558 may confirm a short term bearish correctional setup.

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Price bounced of the main trend line, no break below 1.0560 yet, lets see next week

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