USDCAD – NFP triggered a bearish market condition

Last two weeks the USDCAD was trading in a well defined range, in between 1.0662 and 1.0488, but earlier this morning just after the NFP announcement, the USDCAD broke the lower extreme of the range:

USDCAD
USDCAD

Its Friday and probably a little late to start a position right now, but I will definitely look forward for a trade in the USDCAD early next week!

Have a good weekend!

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 .