1,0111. 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 (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0100. The downtrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
1,0110 - 1,0130
1,0080 - 1,0050