The trend has not changed.
- Looking at the green oval highlights the same pattern playing out again.
- The trend of US raising rates and Canada not raising rates has not changed.
- This will put a lot of downward pressure on CADUSD
- The CADUSD should continue to fall back to the low of 2016 then bounce, unless Canada raises rates at next meeting, but unlikely.
- US trade tariffs have been delayed on Canada but still has possibility of affecting the Canadian dollar.