USD/CAD is in a trading range over the short term horizon while the longer term trend is still up as the 200 period has not been breached. The current is at 1.0880 and resistance at 1.0983. The price action performed a false break at the top of the 1.0983 yesterday which led to a big downside move. The price has broken below the up sloping trend-line before falling further. Besides, there’s an pattern and two patterns formed just below the up sloping trend-line. The indicator and indicator are showing the price may have a short term downtrend coming which supports the bears in this market. The price has also broken the 100 period and the which could offer shorting opportunities in today London session.