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.

Trade Safe!

Raul Lopez
Price Action

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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 .