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Nenad Kerkez

Dear Traders,

The USD/CAD is bearish and we could see another drop after a retracement. The price has formed two POC zones.

1.3220-35 is the first POC zone where we should expect the price to react with a bearish move. The trend on USD/CAD is bearish now and we still need to see fresh sellers joining. POC2 is 1.3260-75 and this is also a rejection zone for the pair. Targets are 1.3139 and 1.3108. Only above 1.3300 we might see a trend change and bullish price action. At this point my trading idea is to sell on rallies.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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