USD/CAD - US Dollar Canadian Dollar, European Session - 03/07/09

  @ibtimes on

1,1597. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1590 (7 pips). If the support breaks then the target will be 1,1440 (157 pips).

Resistances
1,1640 - 1,1675
Supports
1,1515 - 1,1440

tags: Forex, usdcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video