Forex

USD/CAD is Close to POC Zone

December 21, 2017

2 min read

tarantula fx

Head of Trading

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The USD/CAD has been dropping since it hit 1.2920 zone and currently it is looking for a break below W L3 camarilla pivot.

The POC 1.2840-50 is supported by an inner trend line and we might see a rejection once the price enters the zone. If the bearish momentum persists targets will be 1.2817 1.2800 and 1.2772 with the final ATR projected target 1.2755. However, since we are in holiday trading mode, it is essential to protect your profits once you are in the trade. Due to profit-taking before Christmas, the price could go both ways.

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