USDCAD: Trading at a LT resistance level
The USDCAD is trading at an important LT level:
We need to wait for the market to break either side of the range, then we’ll start looking for a trade opportunity.
If the USDCAD breaks the ST resistance level, it will trigger a bullish market condition and I’ll be looking for long opportunities.
If the Canadian Dollar breaks the ST support level, it will trigger a bearish market condition and I’ll be looking for short opportunities.