1,0704. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should continue to move in 1,0630 / 1,0785 range.
Resistances
1,0730 - 1,0785
Supports
1,0680 - 1,0630

tags: Forex, usdcad
author: Arnaud Jeulin
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