FXstreet.com (Barcelona) - USD/CAD has fallen 0.70% so far today from 1.2257 opening price to 1.2152, intra-day low, currently the pair is trading around 1.2170/80 after falling around 80 pips since the early European morning.

Yesterday, the pair feel 1.09% from 1.2392 opening price, reaching 1.2415 as highest and 1.2223 as lowest, to close the day at 1.2258.

According to Mataf.net, USD/CAD is in consolidation: 1,2242. USD CAD broke 1,2330 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2280 (38 pips). The downtrend should continue to gather momentum. Resistances: 1,2280 - 1,2330. Supports: 1,2230 - 1,2185.

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