USDCAD: Trading in a Clear Medium Term Range
An image is worth a thousand words:

Pretty clear isn’t it?
It is right in the middle of the range, we still have a long way before the USDCAD reaches the next LT resistance level, and therefore long opportunities are in play.
Here is my Trading Plan:
As long as the USDCAD trades above 1.0491 I will be looking for long trade opportunities. My next LT level is at 1.0691
Short opportunities are out of play in the Canadian Dollar
Trade Safe
Raul Lopez
Canadian dollar, Forex majors, USDCAD Analysis