The USD/CAD is looking for more upside bounce if the price stays supported above the  W L3 Pivot.

USDCAD

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.

Chart

 


 

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

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