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.
Tags: forex, USDCAD Analysis
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