USDCAD – Short opportunities in play

Written by Raul Lopez on . Posted in Trades & Analysis.

The USDCAD is trading in a very clear bearish market condition, only short opportunities are in play. I’d like to see how the USDCAD behaves around the ST resistance level at 0.9574. If I get a significant pattern with downward pressure around that level I’ll definitely go short:

The next LT support level is at 0.9261

Trade Safe!

Raul Lopez
Forex Training

USDCAD Analysis

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 .
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