That being said, this week is going to be particularly interesting because not only the trade tariffs, but we also have employment on Friday from both of these countries. What I think this is setting up for is a potential buy on the dip scenario. Support Just Below1.43 has been rather reliable support for a while, and I would anticipate there at least will be some type of reaction when we get down there. Furthermore, we have the 50 day EMA and the 1.42 level underneath there that offers support. So, I am looking forward to buying this . I just don’t want to jump in out of the blue and do it. This might be a Friday afternoon trade, I don’t know, but this is a pair that you need to watch because everything that made this pair rise the way it did is still very much on the table.(Click on image to enlarge)Canada doesn’t even have a functioning government at this point, and of course, despite the fact that tariffs are not an issue, or at least probably won’t be an issue because they’ve been put on hold, the reality is the Canadian economy is still a mess, and they continue to see rate cuts out of the Bank of Canada while the Federal Reserve is on hold. This is a simple matter of being patient and waiting for the market to start bouncing again before you start buying.ETH/USD Forecast: Bounces Back From Major SelloffEUR/USD Forecast: Euro Drops On Tariff NewsGold Forecast: Sees Massive Volatility
