1,1565. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 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 resistance below 1,1600 (35 pips). The downtrend should continue to gather momentum.
- 1,1600 - 1,1670
- 1,1485 - 1,1410