1,0902. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0930 (28 pips). The consolidation should continue. If the resistance breaks then the target will be 1,1100 (198 pips).
- 1,0930 - 1,1000
- 1,0865 - 1,0795