1,2434. USD CAD is in a range between 1,2340 and 1,2490. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2490 (56 pips). The price should continue to move in Bollinger bands.
- 1,2485 - 1,2700
- 1,2340 - 1,2220