USD/CAD Looking for More Upside Continuation
|The USD/CAD is looking for more upside bounce if the price stays supported above the W L3 Pivot.
1.3235-50 is the POC zone. Any bounce above is bullish with 1.3322 as the first target. However, continuation should happen above 1.3326 zone towards 1.3342 and 1.3363 which is the target for the USD/CAD. A drop below 1.3235 is bearish for the pair and 1.3199 is the target is the drop happens. If 1.3363 is reached we might see some selling as it is a strong resistance.
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.