USDCAD looks good for shorts…

I’ve been waiting for the USDCAD to retrace back to the main ST resistance level around 1.0249. It was a strong support earlier this week, but yesterday it broke through this level down and it looks like this level will keep the market from reaching higher levels:

As long as the USDCAD keeps trading below the ST resistance level I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Training

forex, 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 .