1,1602. USD CAD is in a consolidation after the last bullish movement. There is an horizontal range between 1,1560 and 1,1640. Support and resistance are given by Bollinger bands. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,1640 (38 pips). The price should consolidate. The price should continue to move in Bollinger bands.
- 1,1640 - 1,1675
- 1,1560 - 1,1455