USD/CAD Bullish Bounce Targeting 1.3250 and Above

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The USD/CAD is in uptrend. We can see the two POC zones acting as support. W L3 is also providing a confluence to bullish outlook.

1.3200-10 is the first while 1.3150-65 is the second POC zone. A bounce off any POC zone should provide upside continuation towards 1.3238 and 1.3254. If we see the price higher than 1.3254 then the next level is 1.3280. Pay attention to the first POC zone as we also see W L3 and order block, acting as additional confluence support for a bullish bounce.

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

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