1,2250. USD CAD is in an downtrend directed by 15min exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2300 (50 pips). The downtrend should continue on 1,2100 support (150 pips).
1,2280 - 1,2410
1,2180 - 1,2100