HomeContributorsTechnical AnalysisUSD/CAD Bearish ZigZag Targeting New Lows

USD/CAD Bearish ZigZag Targeting New Lows

The USD/CAD has reached the POC zone. We could see a drop as the price is in a downtrend.

1.2705-30 is the POC zone. We could see a drop off the zone towards the both weekly and daily camarilla pivot points. The final target might be the D L5 – 1.2589. However, we need to pay attention to any upside move it might happen. If the price stays capped below the POC and 88.6 the downmove is inevitable.

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