USD/CAD Downtrend As Long as The Price is Below 1.3365

 

The USD/CAD might probably make a retracement transfer in the direction of the POC Zone. The pair is within the oversold territory.

1.3350-60 is the POC zone, the place we might see contemporary sellers. A shorter retracement might goal the ATR high – 1.3308. Search for bearish reversal sample that might see a drop from any of these ranges in the direction of 1.3273, 1.3237 and 1.3200. The sign for a possible retracement  (counter pattern) is a inexperienced dot on the chart at 1.3273 degree. Look ahead to an interim bullish worth motion above the 1.3273 in the direction of both the ATR excessive or the POC zone.

 

USDCAD Present Buying and selling Positions

 

The evaluation has been accomplished with the CAMMACD.MTF template.

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