USDCAD – Heading for parity: USDCAD = 1?

Sometimes we need a catalyst in the market to make things move, the USDCAD traded just above an important level for more than week, in a very tight range (mostly untradeable), but on Friday, just after the Canadian unemployment report, the USDCAD broke an important long term support level:

USDCAD
USDCAD

I’m bearish in the USDCAD and looking for short opportunities.

If you asked me if I think the USDCAD will reach parity in the near future, I would say yes.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/


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 .