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

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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 .