The USDCAD recently broke an important resistance level (blue line at 1.1298) and it appears to have more bullish momentum, but trading long is not yet recommended, I would wait for the market to break the nearest short term resistance level (green line at 1.1359).
USDCAD
My Trading Plan:
Wait for the market to break 1.1359 and start looking for long opportunities.
Good luck
Raul Lopez
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Tags: trading plan, USDCAD Analysis