Rebound from upper band of bearish channel

FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD – after yesterday’s rise, demand is clearly beginning to weaken. H1 chart shows very narrow consolidation. It takes place at top edge of descending channel . The wider trend is also bearish , so bears can make use of such large correction. In this context, you might want to consider short position.
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