The USD/CAD could possibly make a retracement move towards the POC Zone. The pair is in the oversold territory.
1.3350-60 is the POC zone, where we could see fresh sellers. A shorter retracement could target the ATR top – 1.3308. Look for bearish reversal pattern that could see a drop from any of those levels towards 1.3273, 1.3237 and 1.3200. The signal for a potential retracement (counter trend) is a green dot on the chart at 1.3273 level. Watch for an interim bullish price action above the 1.3273 towards either the ATR high or the POC zone.
