0,9846. USD CAD broke 0,9885 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9780 (65 pips). We won't take a position. The risk/reward ratio is too high to take a position..
0,9885 - 0,9920
0,9830 - 0,9780