1,0785. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0750 (35 pips). The consolidation should continue.
Resistances
1,0850 - 1,0925
Supports
1,0760 - 1,0700

tags: Forex, usdcad
author: Arnaud Jeulin
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