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FUNDAMENTAL ANALYSIS

USD/CAD – Big Sell-off, Little Sell-off?

USDCAD, Big Sell-off, Little Sell-off, Fundamental Analysis, fx trader, forex

17 Aug 2016

The retreat from the Jan 2016 high took a break after a dovish reversal of a hitherto hawkish trend of US macro data. But with the USD/CAD having now broken down out of a bearish rising wedge pattern, the potential for a resumption of the downtrend is alive and well.

USDCAD, Big Sell-off, Little Sell-off, Fundamental Analysis, fx trader, forex usd-cad-16-aug-2016

Chart 1

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