By Admiral Markets
The USD/CAD is in strong uptrend as shown on yesterday Session Recap webinar. Current POC zone is 1.3420-50 and as long as 1.3385 stays strong we might see 1.3550 followed by 1.3600 and 1.3650. The POC (L3, inner trend line, order block, EMA89, narrow triangle breakout) should spike the pair to the upside on subsequent retests towards above mentioned levels. The MACD turned bullish again and no divergence is present so this trade setup is a continuation from yesterday successful USD/CAD setup shown on the webinar.
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Article by Admiral Markets
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