This is a weekly chart of USD/CAD for the first week of 2019.

This pair has been in an strong upward trend for the last quarter of 2018. Just barely closing within the bands in October when the market started to collapse. This trend though started way back in May 2018, when it closed above the bands.

I am currently short at 1.3550 with a break of the previous weeks low. My expectation is for it to continue lower. On Friday I will continue to monitor and may increase position with a close below this level.

This is a longer term hold as a core position and have a stop above the high at 1.3675.



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