USDCAD – Bearish, shorts in play

The USDCAD was trading in a short term range in between 1.0089 and 1.0205, but earlier today it broke through the short term support level triggering a bearish market condition:

I will be looking for short opportunities as long as the Canadian dollar trades below 1.0089. The next LT support level is below the parity.

Trade Safe!

Raul Lopez
Forex Training

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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 .