Short CADUSD

The trend has not changed.

• Looking at the green oval highlights the same pattern playing out again.
  
• The trend of US raising rates and Canada not raising rates has not changed.
  
• This will put a lot of downward pressure on CADUSD
  
• The CADUSD should continue to fall back to the low of 2016 then bounce, unless Canada raises rates at next meeting, but unlikely.
  
• US trade tariffs have been delayed on Canada but still has possibility of affecting the Canadian dollar.