USD/CAD forms höhers High, which is confirmed by new high points in the MACD. The selling pressure could increase soon.
In the last two weeks has developed a bearish divergence between the price of the USD/CAD and the MACD. Thus, the increase of the USD/CAD has not been confirmed, which is interpreted as a «red flag warning». In addition, the MACD line fell in the 4-hour chart below the zero line. This may also a possible trend change to the Negative ads.