FXstreet.com (Barcelona) - After rising to 1.2476, intraday high, ahead the US opening bell, USD/CAD has fallen around 150 pips to reach 1.2329, intraday low, and test the 1.2330 support level. Currently the pair is trading around 1.2340/50.
According to the Mataf.net analyst team, USD/CAd is in consolidation movement: 1,2392. USD CAD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,2320 / 1,2435 range.
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