1,0121. USD CAD broke 1,0150 support. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (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 1,0150. The downtrend should continue to gather momentum. The price should find a support above 1,0100. If the support is broken then the target will be 0,9800.
=> We could take a short position at 1,0120. We will put the stop loss above 1,0160 (-40 pips). The targets are 1,0070 (+50 pips) 1,0000 (+120 pips) 0,9800 (+320 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,0150 - 1,0190
1,0100 - 1,0070