USD/CAD Bearish ZigZag Targeting New Lows

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The USD/CAD has reached the POC zone. We could see a drop as the price is in a downtrend.

1.2705-30 is the POC zone. We could see a drop off the zone towards the both weekly and daily camarilla pivot points. The final target might be the D L5  – 1.2589. However, we need to pay attention to any upside move it might happen. If the price stays capped below the POC and 88.6 the downmove is inevitable.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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