USD/CAD Potential Bounce at Support

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The USD/CAD is moving off the support towards Q H3 zone.

By looking at the daily TF chart we can see a nice rejection entry off the support. The M L3 is showing signs of strength as the market progresses up. Look for 1.2827-1.2848 as the final target. The US CPI is going to move the price today with even more volatility. Uptrend continues on a positive CPI data.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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