Mon, May 29, 2023 @ 22:50 GMT
HomeContributorsTechnical AnalysisUSD/CAD 1.3435-55 Possible Sell Zone

USD/CAD 1.3435-55 Possible Sell Zone

The USD/CAD dropped substantially from 1.3470 zone making a strong momentum candle that marked end of uptrend on intraday/week time frames. As I showed in my previous USD/CAD coverage, the piar dropped from POC zone in range bound market. Now we have another POC zone 1.3435-55 (88.6, Daily H5, order block Weekly H4, ATR top) where now moment sellers might be waiting. The rejection from POC zone is targeting 1.3377, 1.3325 and possibly 1.3300. have in mind that price needs to break 1.3405 H4 in order to retrace to POC zone.

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