0,9966. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The price should find a support above 0,9900 (70 pips). We won't take a position. The risk/reward ratio is too high to take a position..
0,9995 - 1,0040
0,9955 - 0,9900