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Technicals

USD/CAD - US Dollar Canadian Dollar, European Session - 16/05/08

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16 May 2008 @ 01:52 am EST
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1,0012. USD CAD is in a range between 0,9990 and 1,0070. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 0,9990. If the support is broken then the target will be 0,9750. We won't take a position.
Resistances
1,0020 - 1,0050
Supports
0,9990 - 0,9975

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07/24/2008
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