1,0853. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 1,0750 and 1,0900. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances
1,0895 - 1,0985
Supports
1,0800 - 1,0750

tags: Forex, usdcad
author: Arnaud Jeulin
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