Dear Traders, The USD/CAD has formed a bullish trend, and the price is currently above the W L3 camarilla pivot. D L3, T-89, H4 BB and ascending trend
Dear Traders,
The USD/CAD has formed a bullish trend, and the price is currently above the W L3 camarilla pivot.
D L3, T-89, H4 BB and ascending trend line make a confluence of support so the bulls could spike up the price from the POC zone 1.3385-95. The trend is still strong, and the price has been bought on the dip, as we can see from the chart. There is also more room until next resistance on higher time frames. If we see a bounce, targets are 1.3414 and 1.3450. Ideally, the pair should stay above 1.3350 if the bulls want to dominate.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
