1,0271. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 1,0290. If the resistance is broken then the target will be 1,0350 (80 pips). We won't take a position. The risk/reward ratio is too high to take a position..
1,0290 - 1,0350
1,0230 - 1,0210