USD/CAD Bearish Continuation Only Below 1.3600

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The USD/CAD has performed a bit bearish with a strong momentum down. At this point we see a consolidation.

If the price breaks below 1.3550 again we will see new sellers joining. However, the 1.3600-20 zone needs to stay unscathed for that scenario to develop. Market has been very rangy and very hard to trade this week as there was a lack of real trend momentum. Targets for bears are 1.3520 and 1.3486. If the price makes a close above 1.3620 then we might see 1.3665.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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