USDCAD – Still in a Bullish market condition

The USDCAD is still trading in a bullish market condition, even when the last two candlesticks are bearish, the Canadian dollar was rejected from an important LT support level and it is likely to continue its way up:

The next LT resistance level is at 1.0334. As long as the USDCAD trades above 1.0161 I will be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training

Tags:


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 .