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Overpriced for sure.
About to reach to the peak.
Start getting stable for correction.
Need a correction
Low price. Can earn the short term profit.
SELL USDCAD now.
Reason 1) Strong resistance zone now
Reason 2) Overbought now (RSI high)
Reasons listed on the graph
Reason 1) 0.618 level
Reason 2) Meet resistance line
It is breaking the trend line. It is very likely that it will keep bullish. Buy back at the resistance line and it will go up.
It pulls back from the resistance line and cannot break it so target at 50% of golden ratio.
Day chart did not break the support line.
Target to take profit at the last support line.