1,1792. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,1760 (32 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
1,1870 - 1,2000
1,1760 - 1,1730