The USDCAD is trading near a LT support level, we need to wait for the Canadian dollar to break the short term zone before we start looking for trade opportunities.

Here is where I have my levels:

If the USDCAD breaks the upper green resistance level I’ll start to look for long opportunities

If the USDCAD breaks the bottom green support level, it will trigger a bearish market condition and only short opportunities will be in play.

Trade Safe!

Raul Lopez
Forex Training