USDCAD: Bearish, short signals in play

Written by Raul Lopez on . Posted in Trades & Analysis.

The USDCAD has been rejected from the main resistance zone around 1.0680:

USDCAD
USDCAD

It will probably continue its way down to the next LT support zone around 1.0412, therefore I will be looking for short opportunities.

Trading Plan:

As long as the USDCAD keeps trading below 1.0607 I will be looking for short trade opportunities.
Long opportunities will be ignored.

Trade Safe!
Raul Lopez

Canadian dollar, Forex majors, USDCAD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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