1,2353. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,2290 (63 pips). The consolidation should continue. If the support breaks then the target will be 1,2200 (153 pips).
- 1,2380 - 1,2430
- 1,2290 - 1,2200