HomeContributorsTechnical AnalysisUSD/CAD Expectedly Bouncing Off The POC Zone

USD/CAD Expectedly Bouncing Off The POC Zone

The USD/CAD is in uptrend. The price made the move towards the POC zone and now it is spiking up.

1.3215-30 is the POC zone. At this point we could see another move to the upside targeting 1.3255, 1.3276 and eventualy 1.3302. The market is slower so you need to be patient. The ATR(5) is only 40 pips. However, it is a stable market and its trending, so buying the dips is the scenario.

As long as the price is kept above 1.3200, bulls are in advantage.

Elite CurrenSea
Elite CurrenSeahttps://www.elitecurrensea.com/
Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

Featured Analysis

Learn Forex Trading