AUDCAD – Waiting for the range breakout

I like the way the AUDCAD has been trading in the last few months, smoothly from one LT level to the other, making it easy to trade. Right now I see it trading pretty close to the LT support level and this is how it looks on the short term charts:

I’m currently waiting for the AUDCAD to break the short term range (green levels), then I’ll start looking for trade opportunities on the direction of the breakout.

Trade Safe!

Raul Lopez
Forex Training

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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 .