1,0783. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 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 resistance below 1,0800 (17 pips). The downtrend should continue to gather momentum.
Resistances
1,0830 - 1,0895
Supports
1,0730 - 1,0680

tags: Forex, usdcad
author: Arnaud Jeulin
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