NFP Impact in the USDCAD

As you already know last Friday the NFP was released (yellow square), take a look at the next chart:

USDCAD
USDCAD

The USDCAD was moving down in a smoothly way (blue arrow), then the NFP announcement made the USDCAD spike up, but after that it moved back down again (green arrow), and looks like the USDCAD will continue its way down until it finds the next LT support level around 1.0184

Personally, I wouldn’t trade the Canadian dollar, there are other opportunities that are clearer and safer.

Trade Safe!

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

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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 .