USD/CAD Close to Important Zone
July 1, 2020
2 min read
Dear Traders,
The USD/CAD is getting close to the important zone. 1.3550 is the point where the next move will take place.
W L4 camarilla pivot might spike the price to the upside or break it lower. At this moment we need to wait for 1h/4h close to see the next move. A bounce at the zone should be targeting 1.3620 and 1.3747 during the week while a move below is aiming for 1.3512 and 1.3450. Candle close above or below the zone are important as only a strong bullish or bearish close will show real momentum and power of buyers or sellers.
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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