1,1274. 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 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1300 (26 pips). The downtrend should continue to gather momentum.
- 1,1300 - 1,1360
- 1,1190 - 1,1130