USD/CAD

5 Ara 2019

After almost 2 weeks of slow horizontal price action on Dollar/Cad we finally got the bearish move that was setting up. I am expecting further bearish momentum. Pound/Dollar just broke a solid resistance and looks bullish which leads me to believe that this is the real move. NFP in 2 days which means we will likely see a pullback on both Dollar/Cad and Pound/Dollar and then further continuation of bearish momentum of Dollar/Cad and bullish on Pound/Dollar. If Dollar/Cad breaks 1.31060 and then 1.30400 I see it moving down to 1.29160 in time.