FXstreet.com (Barcelona) - USD/CAD is testing 1.2435 resistance level after rising 0.50% so far today from opening price at 1.2377. Currently the pair is trading around 1.2425/35.
Along the European session, USD/CAd has been trade in a small range between 1.2390 and 1.2435. Yesterday, USD/CAD lost 0.25% from opening price at 1.2408, reaching 1.2505 as maximum and 1.2327 as minimum, to close the day at 1.2376.
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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