USDCAD – Looking for long opportunities
The USDCAD is trading in a very strong bullish market condition. A few minutes ago the Interest rate from Canada was released (no change, steady at 1%) and the market reacted selling CAD:
What is interesting about the USDCAD is that the next LT resistance level is at 1.0653, more than 300 pips away from where the market is trading right now, we have plenty of room.
I will be looking for long opportunities in the Canadian Dollar.
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