USDCAD – Trading near a LT important level
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