USD/CAD Traders are Preparing for Longs

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The USD/CAD is bouncing off the support and we should see an uptrend move. Will it be a swing or intraday we will know after today’s price action.

1.2705-1.2727 is the POC zone where we are looking at the price to continue moving up. We have a trend line support and D L4 camarilla support which adds up to long confirmation. Targets are 1.2780 and 1.2802 with 1.2836 as the final target. If the price breaks 1.2680 to the downside the setup will be invalidated.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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