1,6390. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 1,6430 (40 pips). The downtrend should continue to gather momentum.
- 1,6430 - 1,6490
- 1,6370 - 1,6315