1,2248. 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 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2360 (112 pips). The downtrend should continue to gather momentum.
- 1,2360 - 1,2500
- 1,2200 - 1,2150