A classical downtrend pattern can be seen in the weekly time frame. A perceived USD weakness might keep the USDCAD bears in full control this week. A closer view to the 1H time frame shows the classical double top pattern, a bearish pattern. I would likely bet on a bearish continuation this week.
Regarding the American Dollar against the Mexican Peso, I believe even though there is a possibility of price still going up towards 19.02, we should see a further downward push on a short term. My personal goal for this trade is just around 50 pips.
