1,2302. 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. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2350 (48 pips). The price should continue to move in 1,2270 / 1,2350 range.
- 1,2350 - 1,2430
- 1,2270 - 1,2200