USD/CAD has been consolidating since late August after a rally to 1.3350 to make a new high on the year. The 4H chart shows that the market has been choppy and in somewhat of a triangle. USD/CAD 4H Chart 9/16(click to enlarge) As we get to the second half of the 9/16 US session, we are seeing a slide that is breaking the triangle support. I would not jump on this as a bearish signal, not when price is still above 1.3115 and with the Fed decision tomorrow. Now, after tomorrow's decision I want to see where USD/CAD will close this week. If price closes below 1.31, I would look for a slide towards the 1.2950 pivot in the second half of September. If price holds above 1.3115 on the other hand, I would be more inclined to keep the bullish bias, with upside back to the 1.3350 high.