USD/CAD forecast for the week of August 28, 2017, Technical Analysis

The USD/CAD pair fell during the week, testing a significant amount of support at the uptrend line. However, I need to see this market break down to a fresh, new load to start shorting it from the longer-term. If we do see that, I think the market then goes looking for the 1.20 level next. This would wipe out the uptrend, and by all means probably send this market much lower. Caution is advised though, but quite frankly you can take your time, as this should set up to be a much longer term move if you are patient enough to ride it.

USD/CAD Video 28.8.17