Trade of the Day: USDCAD
02 August 2022
The trend at the moment is downtrend market. We are focusing on looking for short positions on general.
We will be looking for the resistance trend line near when the price testing it. Since the trend still a steady downtrend, we will focus on the short position near the resistance trend line.
If the price break above the resistance trend line, we can try find a position for long when the price back to retest the resistance become support zone.