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USD/CAD - US Dollar Canadian Dollar, American Session - 01/12/08

01 Dec, 2008 @ 06:10 am ET | written by Mataf


1,2447. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,2480 - 1,2630
Supports
1,2380 - 1,2300

For more forex information, go to www.mataf.net

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