USD VS CAD forecast

US Dollar could face a short term turn around against the Canadian Dollar

After D Trump travel ban for the UK and Ireland as from Monday midnight and other various reasons

The dollar could be losing its strings as a short term low set up was found of the USDCAD pair before the close of the markets

As for the USD reaching nice highs on vs the Canadian dollar seems to be driving low after the rising wedge being broken

A nice break below our simple moving average trend indicator to confirm a short change in trend

After the RSI being over sold and a very interesting price to be broken of 1.38040

Not just that but also a nice double top at supply zone leaving us nothing else but SELL SELL SELL!!!

As for the short term expected drop price could be heading to 1.36900 before any further movement

Founder of Forex Academy SA