The USDCAD is trading near a LT support level, every time the market is near an important level, it trades in a short term range, we then need to establish the ST support and resistance level s that the market needs to break to start either a bearish or a bullish market condition. These are my levels for the USDCAD:

I’m waiting for the market to break either side of the range to start looking for trade opportunities (in the direction of the breakout).

Trade Safe!

Raul Lopez
Forex Training