1,1814. USD CAD is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1850 (36 pips). The downtrend should continue to gather momentum.
- 1,1880 - 1,1980
- 1,1800 - 1,1750