1,2412. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2465 (53 pips). The downtrend should continue on 1,2270 support (142 pips).
Resistances
1,2465 - 1,2525
Supports
1,2345 - 1,2250