USD/CAD Expectedly Bouncing off the POC Zone

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The USD/CAD is in uptrend. The price made the move towards the POC zone and now it is spiking up.

1.3215-30 is the POC zone. At this point we could see another move to the upside targeting 1.3255, 1.3276 and eventually 1.3302. The market is slower so you need to be patient. The ATR(5) is only 40 pips. However, it is a stable market and its trending, so buying the dips is the scenario.

As long as the price is kept above 1.3200, bulls are in advantage.

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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