USD/CAD Bullish Continuation If the Bullish Momentum Persists

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The USD/CAD has gone exactly as I explained in my yesterday’s analysis. We might see a continuation if the price breaks Wizz Lvl 6.

Wizz levels are very accurate and very unique price levels based on the Fibonacci algorithms and calculations. The situation is again clear. CAMMACD suggests a continuation above 1.3335. Targets are 1.3376, 1.3390 and 1.3424. Have in mind that the 1.3190 should hold in order for the price continuation. 1.3390 is also Monthly Lvl 5 resistance on camarilla so if the price gets there, watch for a possible initial rejection.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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