1,2393. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2430 (37 pips). The consolidation should continue. If the resistance breaks then the target will be 1,2650 (257 pips).
- 1,2430 - 1,2485
- 1,2320 - 1,2180