olly48

USD/CAD to continue downwards

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD looks like continuing to fall. It has been following the bottom trend line and breaking support levels. CAD has been very strong and USD is expected to continue weakening so I do not think this will change soon. It broke support yesterday (14th Jan) and is testing it as resistance today. If this rejects the resistance then expect a fall to the trend line .