USD/CAD is Highly Bullish as New Buyers are Waiting

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The USD/CAD is very bullish. If the price makes a retracement, we can expect a bullish bounce off the M H5 camarilla pivot.

M H5 – 1.3660 is the pivot which makes a confluence with the ATR low . 1.3660-70 zone is where the buyers might be waiting. A successful retest prompts for a bullish move up towards 1.2700 and 1.3811. The pair is extremely bullish and there are no signs that the trend will change soon as the USD/CAD is directly linked to Oil prices.

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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