USDCAD – Bearish, shorts in play

The USDCAD was trading in a short term range in between 1.0089 and 1.0205, but earlier today it broke through the short term support level triggering a bearish market condition:

I will be looking for short opportunities as long as the Canadian dollar trades below 1.0089. The next LT support level is below the parity.

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 .