1,0793. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0850 (57 pips). The downtrend should continue to gather momentum.
Resistances
1,0850 - 1,0880
Supports
1,0780 - 1,0730

tags: Forex, usdcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.