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USD/CAD Close to Important Zone

By:
Nenad Kerkez
Published: Jul 1, 2020, 07:40 UTC

The USD/CAD is getting close to important zone. 1.3550 is the point where next move will take place.

USD/CAD

In this article:

The USD/CAD is getting close to important zone. 1.3550 is the point where next move will take place.

W L4 camarilla pivot might spike the price to the upside or break it lower. At this moment we need to wait for 1h/4h close to see the next move. A bounce at the zone should be targeting 1.3620 and 1.3747 during the week while a move below is aiming for 1.3512 and 1.3450. Candle close above or below the zone is important as only a strong bullish or bearish close will show real momentum and power of buyers or sellers.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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