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USD/CAD Is Highly Bullish as New Buyers are Waiting
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The USD/CAD is very bullish. If the price make a retracement, we can expect a bullish bounce off the M H5 camarilla pivot.
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Dear Traders,
The USD/CAD is very bullish. If the price make a retracement, we can expect a bullish bounce off the M H5 camarilla pivot.
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M H5 – 1.3660 is the pivot which makes a confluence with the ATR low . 1.3660-70 zone is where the buyers might be waiting. A successful retest prompts for a bullish move up towards 1.2700 and 1.3811. The pair is extremely bullish and there are no signs that the trend will change soon as the USD/CAD is directly linked to Oil prices.
The Analysis has been done with the CAMMACD.Core and Sit Systems
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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