USD/CAD - US Dollar Canadian Dollar, Asian Session - 07/02/08

 @ibtimes on February 07 2008 4:42 PM

1,0095. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0130. The consolidation should continue. If the resistance is broken then the target will be 1,0350 (250 pips).

1,0130 - 1,0160
1,0080 - 1,0025

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