I reckon, if it can stay below the resistance/trendline, USD will fall deeper into the next potential target.
Catalyst:
- Trump's tariffs on Canada will backfire by hurting the U.S. economy more.
- Canada added 419,000 jobs in July as economy reopened
- CAD Jobless rate of 12.3%
- Potential Descending triangle on the daily time-frame, it was a breakout and retest
PS: I'm too busy with my clients, and I'm not going to post any updates.