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USD/CAD - US Dollar Canadian Dollar, European Session - 02/07/09

02 Jul, 2009 @ 02:19 am ET | written by Mataf


1,1480. USD CAD broke 1,1510 support. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,1440 (40 pips). The consolidation should continue.
Resistances
1,1510 - 1,1650
Supports
1,1440 - 1,1380

tags: Forex, usdcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

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

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