USD/CAD - US Dollar Canadian Dollar, American Session - 12/06/08

By @ibtimes on

1,0250. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,0160 and 1,0320. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should continue to move in 1,0160 / 1,0300 range. We won't take a position.

Resistances
1,0300 - 1,0325
Supports
1,0200 - 1,0160

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