1,1191. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1250 (59 pips). The downtrend should continue to gather momentum.
- 1,1250 - 1,1355
- 1,1160 - 1,1110